UPDATE 1-PSA, BMW to jointly develop small petrol engines


(Changes dateline to include Frankfurt, adds detail, shares) PARIS/FRANKFURT, July 23 (Reuters) - French carmaker PSA Peugeot-Citroen and Germany's BMW AG said on Tuesday they planned to build a new family of small petrol engines together in a move aimed partly at saving costs. The cooperation represents a step forward for a strategy shared by the two automakers to team up with partners for specific projects rather than to take equity stakes in other companies. PSA said cars from its ...

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