PEUGEOT COULD HAVE ENGINE PACT WITH BMW & MERCEDES
Posted 21st September, 2007 in BMW, Mercedes | Leave a comment
The chief executive of PSA Peugeot Citroen, Christian Streiff, has said that he wouldn’t rule out a joint venture with BMW and Mercedes to develop a new range of petrol engines.
PSA and BMW already have a healthy relationship when it comes to building powerplants, and Norbert Reithofer (the BMW chief executive) confirmed last week that he was open to developing engines jointly with rival DaimlerChrysler, whose chief executive Dieter Zetsche has made similar remarks.
“PSA Peugeot Citroen is the volume car maker with the largest number of cooperation pacts and Mr Streiff has said he wants to deepen the existing partnerships,” the spokesman said.
“With BMW we have a specific and durable pact on petrol engines,” he added.
PSA is “constantly working” on developing a new generation of petrol engine with lower fuel consumption and lower emissions of greenhouse gases, he added.
[Source: Reuters]
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