Bmw Psa Agreement

MUNICH (Bloomberg) — The BMW Group and PSA/Peugeot-Citroën will likely end the collaboration on small gasoline engines when the project deal expires in 2016, a person familiar with the matter told Bloomberg. The BMW Group and PSA Peugeot Citroën have signed a new agreement where by which the two companies will develop the next generation of their jointly designed 4-cylinder petrol engine that meets EU 6 requirements. The agreement was signed on Tuesday in Paris by Norbert Reithofer, Chairman of the Board of Management of BMW AG, and Philippe Varin, Chairman of the Executive Board of PSA Peugeot Citroën. The BMW Group and PSA Peugeot Citroën have been successfully working together in the field of petrol engines for more than 10 years. Since the signing of the cooperation agreement between the two partners in 2002, some 3 million 4-cylinder petrol engines for different models of the Mini and BMW brands as well as Peugeot and Citroën have been produced. BMW Group and PSA Peugeot Citroën have signed an agreement on the development of the 4-cylinder petrol engine PSA Peugeot Citroëns, Chairman of the Board of Directors Varin: “This new agreement with BMW confirms the success of the collaboration between our two companies that have produced 1.3 million engines since 2006. . . .