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 deliver a major contribution towards a
competitive cost structure in the field of electrification. It also
represents another important step on the road to sustainable
mobility,” said Reithofer.
“We are pleased to broaden our long-standing cooperation
based on the strong relationship that exists between our two
companies,” added Philippe Varin. “Combining both
partners’ expertise in hybrid technologies will clearly create
Both parties have agreed not to disclose financial details of the agreement.
The BMW Group and PSA Peugeot Citroën have been successfully
cooperating on engines for several years. In February 2010, the two
companies agreed to develop the next generation of their jointly
designed 4-cylinder petrol engine, which will also meet EU 6
requirements. The joint engine is currently built into a number of
MINI, Peugeot and Citroën brand models.
The BMW Group is one of the most successful manufacturers of
automobiles and motorcycles in the world with its BMW, MINI and
Rolls-Royce brands. As a global company, the BMW Group operates 24
production facilities in 13 countries and has a global sales network
in more than 140 countries.
The BMW Group achieved a global sales volume of approximately 1.29
million automobiles and over 87,000 motorcycles for the 2009
financial year. Revenues totalled euro 50.68 billion. At 31 December
2009, the company employed a global workforce of approximately
The success of the BMW Group has always been built on long-term
thinking and responsible action. The company has therefore
established ecological and social sustainability throughout the
value chain, comprehensive product responsibility and a clear
commitment to conserving resources as an integral part of its
strategy. As a result of its efforts, the BMW Group has been ranked
industry leader in the Dow Jones Sustainability Indexes for the last