World War II jokes aside, the French and the Germans are joining forces this time…and for powers of good. BMW and PSA Peugeot Citroën plan to invest 100 million Euros and the efforts of 400 employees into developing hybrid technology, to be shared by both brands.
The program, excitingly titled “BMW Peugeot Citroën Electrification,” will be based in both Munich, Germany, and Mulhouse, France. The program will add over 100 new engineering jobs to the two cities and will focus on hybrid components such as battery packs, E-machines, generators, power electronics, chargers, and software.
“As responsible carmakers, we aim to create an open European platform and foster the development of European standards for hybrid technologies,” said Philippe Varin, Chairman of the Managing Board of PSA Peugeot Citroën. “This joint venture will also enable us to develop advanced technological manufacturing expertise in Europe in the field of electric powertrains, and to retain all its potential for creating value.”
This is not the first time BMW and PSA Peugeot Citroën have worked together; in 2002, the two companies developed and built four-cylinder engines for MINI, Peugeot and Citroën cars. And in 2010, they worked on a replacement four-cylinder engine that will meet new EU 6 emissions requirements.
The program is scheduled to start at the end of 2011, and we can expect to see hybrid-equipped BMWs, Peugeots and Citroëns in 2014.