AUTOSHOW-PSA, BMW to invest 100 mln eur in hybrid JV

Newswire

GENEVA, Feb 28 (Reuters) - French carmaker PSA Peugeot Citroen Peugeot and German counterpart BMW plan to invest 100 million euros in a hybrid technology joint venture, the two companies said on Monday. Established carmakers are looking to joint ventures and partnerships to share the costs of developing new technologies to meet tightening emissions legislation and win over customers in the face of growing competition from newer players. The joint venture, "BMW Peugeot Citroen ...

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