BMW to continue hybrid-vehicle research if PSA joint venture breaks up

Article by Anita Panait, on July 10, 2012

BMW would continue to conduct researches on hybrid vehicles if its joint venture PSA/Peugeot-Citroen breaks up. The German carmaker is currently holding discussions with its French partner over a possible breakup of their joint venture named BPC Electrification. According to French daily newspaper La Tribune, BMW plans to acquire PSA’s 50 percent stake in BPCE as the German automaker seeks to retain the joint venture in its fold.

BMW and PSA established BPCE in October 2011 with aims to develop, purchase and produce electric powertrains and components. The joint venture comprises a research and development center in Munich, Germany as well as a manufacturing plant in Mulhouse, France, where 250 employees will be hired to electrify about 10,000 vehicles starting in 2015. 

Micaela Sandstede, a spokeswoman for BMW, told Bloomberg in a phone interview that it is still undecided whether the joint venture’s employees will be absorbed by the German carmaker in the process, adding that the company is still in talks over the “dismantling” of BPCE. Following General Motors’ acquisition of a 7-percent stake in PSA, the French carmaker and its German partner said on June 21, 2012, that they were looking at BPCE’s future.

Topics: bmw, psa

If you liked the article, share on:

Comments

Recommended

The Europe-bound WRC hatch developed by Toyota and Gazoo Racing team will be limited to just 400 examples as reported by AutoCar this week. Otherwise known as Gazoo Racing Masters...
by - July 21, 2017
Even cops get excited when they’re assigned to drive the best cars in the market. In Austria, police officers drive around in a Porsche 911 Carrera while in Milan, authorities...
by - July 21, 2017
Subaru has already announced that the all new Impreza will be out by fall this year. The 2018 model year not only gets a number of new upgrades, but it...
by - July 21, 2017
Do you ever wonder what challenges automakers have in selling limited edition cars? It’s different for each company but it can get stressful if the demand is high instead of...
by - July 21, 2017
Alpine is said to be developing an SUV which is believed to be the Porsche Macan’s closest rival. According to AutoExpress, the newly revived performance brand has been looking to...
by - July 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries