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      07-10-2012, 10:49 AM   #1
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Post BMW to Break Up Hybrid/Electric Technology Joint Venture With Citroen

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BMW to Break Up Hybrid/Electric Technology Joint Venture With Citroen
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Just a bit over 15 months after announcing their joint venture (BMW Peugeot CitroŽn Electrification (BPCE)) on developing hybrid and electric vehicle technologies, BMW and Citroen are in talks to break up the partnership, reports Bloomberg News.

BMW spokeswoman Micaela Sandstede told Bloomberg News that BMW is looking to take over the operations of the BMW Peugeot Citroen Electrification partnership.

"Whether that means the joint venture’s employees move to BMW is undecided," she said. "We are still in discussions with PSA over the dismantling of the joint venture."

The joint venture BPCE currently includes an R&D center in Munich and a manufacturing facility in Mulhouse, France, which employs 250 workers who are supposed to electrify around 10,000 vehicles starting from 2015.