PSA to begin making joint BMW engines end-2005

Newswire

PARIS, Jan 31 (Reuters) - French carmaker PSA Peugeot Citroen said on Friday it would begin manufacturing its new family of small gasoline engines, developed with BMW , at a new production unit in Douvrin, France at the end of 2005. The new unit, which will be attached to an existing plant that produces engines for both PSA and Renault , will require an investment of some 430 million euros ($465.2 million) and employ 820 people. PSA said the cost would be divided between the two ...

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