Philippe Varin, Chairman of the Managing Board of PSA Peugeot Citroen and Norbert Reithofer, Chairman of the Board of Management of BMW AG, have signed an agreement today, in Paris, regarding the common development of a new generation four cylinders engine that will be Euro 6 compliant. It is important to mention that Peugeot , Citroen and Mini models are using the current version of the co-developed four cylinder engine, in both turbocharged and naturally aspirated forms.
The two companies have said that they agreed to examine other possible areas for cooperation at systems and component level in order to leverage synergies in the development, production and procurement of selected parts.
Philippe Varin, Chairman of the Managing Board of PSA Peugeot Citroen , has stated ``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``.
Norbert Reithofer, Chairman of the Board of Management of BMW AG, has stated ``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``.
It will be interesting to see how good will the next generation four cylinder engine turn out to be and if it will be able to return extremely low carbon dioxide emissions and fuel consumption.
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