BMW, PSA ink engine deal
2010-02-04 11:47
The BMW Group and PSA Peugeot Citroën will continue their engine collaboration, signing a fresh agreement to develop EU6-compliant four-cylinder petrol engines.
The two companies currently have an agreement in place. The four-cylinder engine is used in several Mini, Peugeot and Citroen models.
Signed by Norbert Reithofer, Chairman of the Board of Management of BMW AG and Philippe Varin, Chairman of the Managing Board of PSA Peugeot Citroën, in Paris, the companies also confirmed possibly exploring other areas of cooperation at systems and component levels.
“We are delighted to continue our engine cooperation and look into options for further collaboration.” said Reithofer.
PSA's Varin declared “this new agreement with BMW is confirming the success of the cooperation between our two companies which has produced 1.3 million engines since 2006. I am confident that the next generation of jointly developed engines will reach the same success as the current generation”.