PSA, BMW to jointly develop new small engines

Newswire

PARIS, July 23 (Reuters) - French carmaker PSA Peugeot-Citroen said on Tuesday it planned to develop a new family of small engines in cooperation with Germany's BMW AG . PSA said cars from its Peugeot and Citroen brands, as well as future models of BMW's popular Mini would be fitted with the engines. A joint team, under the responsibility of BMW and based in Munich, will develop the engines. PSA will oversee production and purchasing. PSA said annual production could reach one million ...

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