AUTOSHOW-UPDATE 1-PSA, BMW invest 100 mln eur in hybrid JV

Newswire

* 50/50 investment split between French and German carmakers * JV to start operating in Q2 2011 subject to approval * No need for equity swap with BMW - PSA CEO tells Insider (Adds comments from press conference, Reuters Insider, shares) 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 ...

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