PARIS – BMW AG and PSA Peugeot Citroen are creating a new company to develop hybrid versions of their cars starting in 2014. The joint venture, BMW Peugeot Citroen Electrification, will have a CEO from BMW, Wolfgang Guellich, and a managing director from PSA, Jean Leflour. Guellich is responsible for BMW purchasing and Leflour is PSA’s director-customer satisfaction and quality planning. BMW has hybrid experience from a JV with General Motors Co. and Daimler AG, and PSA has developed ...

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