German car firm BMW is well known for its technological innovations, and the company won’t be caught resting on its laurels.
In pursuit of future technologies, BMW is looking to partner up with General Motors to develop fuel-cell technology, and may even further extend their hand to PSA Peugeot Citroen to co-develop gasoline engines.
According to BMW’s CEO Norbert Reithofer, he “can imagine” joining forces with a North American partner to develop advanced technologies, since that cuts down on cost for future products.
Peugeot also has several partners around the world (like its recent partnership with GM) for developing technologies, and hence BMW now wants to use that strategy as well.
GM recently bought a 7% stake in PSA, hoping this partnership will help expand not only the brands technologies, but also its sales.
BMW recently signed a deal with PSA to jointly develop four-cylinder engines. This current deal will expire in 2015.
[Source: Automotive News]