Development of hybrid components for front-wheel-drive vehicles
Cooperation will leverage significant economies of scale
Munich, Paris. The BMW Group and PSA Peugeot Citroën intend to expand their successful cooperation by including hybrid components for front-wheel-drive vehicles.
A memorandum of understanding to this effect has been 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.
The components are to be used in front-wheel-drive vehicles with electrified drive trains. Joint development and production of components as well as joint purchasing will leverage significant economies of scale for both partners. It will also allow them to standardise key elements for the electrification of vehicles.
“This cooperation will …