The BMW Group and PSA Peugeot Citroën have signed a new agreement that will see the two companies developing the next generation of their jointly designed 4-cylinder petrol engine that will meet EU 6 requirements. The agreement 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 on Tuesday.
The current generation of the four-cylinder engine is being used in both naturally-aspirated and turbocharged forms on a bevy of MINI, Peugeot and Citroën brand models.
"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 BMW Group's Reithofer.
On the behalf of PSA Peugeot Citroën, the group's Chairman of the Managing Board Varin said: "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."
The two firms added that they also agreed 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 parts.