BMW Group and PSA Peugeot Citroen will collaborate to develop hybrid technologies, investing around 100 million euros in the project, titled "BMW Peugeot Citroen Electrification" and will be operational in two sites, one close to Monaco and one of Bavaria's plant in Mulhouse Monaco will be dedicated to research and buying, the site of Mulhouse instead will focus on production.
This unique joint venture between the two groups will bring 400 new jobs only in Monaco by the end of this year. Another 250 new jobs in the factory in Mulhouse, which will begin production in 2014, the year in which the components products will be mounted on the car brands participating in the project.
Philippe Varin, president of PSA Peugeot Citroën, said: "As car manufacturers responsible, we want to create an open European platform and promote the development of European standards for hybrid technology. This joint venture will enable us to develop a technological and industrial expertise in Europe around the electric power train and retain the full potential of value creation.
" While Norbert Reithofer, Chairman of the Board of Directors of BmwGroup, it was said about "The BMW Group and PSA Peugeot Citroën share the same views on the importance of hybridization in the future. This joint venture will allow us to adopt a single common to act more strategically.
Our partnership will allow significant economies of scale, sharing of development costs, the use of standardized components and the acceleration of the development process. " 
This unique joint venture between the two groups will bring 400 new jobs only in Monaco by the end of this year. Another 250 new jobs in the factory in Mulhouse, which will begin production in 2014, the year in which the components products will be mounted on the car brands participating in the project.
Philippe Varin, president of PSA Peugeot Citroën, said: "As car manufacturers responsible, we want to create an open European platform and promote the development of European standards for hybrid technology. This joint venture will enable us to develop a technological and industrial expertise in Europe around the electric power train and retain the full potential of value creation.
" While Norbert Reithofer, Chairman of the Board of Directors of BmwGroup, it was said about "The BMW Group and PSA Peugeot Citroën share the same views on the importance of hybridization in the future. This joint venture will allow us to adopt a single common to act more strategically.
Our partnership will allow significant economies of scale, sharing of development costs, the use of standardized components and the acceleration of the development process. "
- Peugeot Citroen posts return to profit in 2010 (09/02/2011)
- BMW and Peugeot team up for hybrid components (01/03/2011)
- BMW and PSA Peugeot Citroen partner for future hybrid tech, put that Great War thing behind them (03/02/2011)
- PSA Peugeot Citroen swings to profit in 2010 (09/02/2011)
- Peugeot-Citroën Returns to Profit (09/02/2011)
No comments:
Post a Comment