BMW Group and PSA Peuget Citroën signed Agreement

It’s official, BMW and PSA signed an agreement to further the development of the 4-cylinder engine that can be found in the MINI. This is great news, as this is a good engine. Below is the official announcement from BMW.

Paris. The BMW Group and PSA Peugeot Citroën will continue their successful
engine collaboration. An agreement to that effect was signed by Norbert
Reithofer, Chairman of the Board of Management of BMW AG, and Philippe
Varin, Chairman of the Managing Board of PSA Peugeot Citroën, in Paris.
The two companies have agreed to develop the next generation of the jointly
designed 4-cylinder petrol engine which will meet EU 6 requirements. Currently,
the engine is being used in several MINI, Peugeot and Citroën brand models.
The partners have also confirmed to examine other possible areas for
cooperation at systems and component level, with the aim of leveraging
synergies in the development, production and procurement of selected
components.
“We have always been very successful in our cooperation with our partners, and
that is particularly true with regard to PSA. We are delighted to continue our
engine cooperation and look into options for further collaboration.” said
Reithofer.
PSA Peugeot Citroën’s Chairman of the Managing Board Varin declared “this
new agreement with BMW is confirming the success of the cooperation
between our two companies which has produced 1.3 million engines since
2006. I am confident that the next generation of jointly developed engines will
reach the same success as the current generation”.
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