BMW says looking for engine joint ventures - report

Newswire

FRANKFURT, Nov 24 (Reuters) - German carmaker BMW is studying plans to build engines or other parts with rivals, Focus magazine said ahead of its Monday Nov. 26 edition. It quoted BMW Chief Executive Norbert Reithofer as saying that cooperation was a highly efficient way for the company to realise important projects. BMW has an engine project with Peugeot/Citroen (PSA) which uses PSA engines in its Mini cars and it might for example be suitable for other BMW models, Reithofer said. In ...

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