In preparation, BMW has signed a deal with France’s PSA Peugeot Citroen group to expand their already successful powertrain cooperation by now including hybrid component development for front-wheel drive cars. A memorandum of understanding to this effect has been signed by BMW boss Norbert Reithofer and Philippe Varin, the head of PSA Peugeot Citroen.
The components are to be used in front-wheel drive vehicles with electrified drivetrains, and the deal is to include the joint development and joint purchasing to help reduce costs. As an added benefit, the deal will help spur the standardization of key hybrid components across several different brands, including BMW, MINI, Peugeot and Citroen.
The two auto giants have a long history of cooperation in the powertrain field, having just this year announced another deal to develop a new four-cylinder engine family and now this latest hybrid episode.
[BMW, PSA Peugeot Citroen]