Mar 06, 2012 01:32 PM EST
BMW In Talks With GM on Future Technologies: CEO

BERLIN (Reuters) - BMW is in talks with General Motors on future technologies such as fuel cells and may extend cooperation with PSA Peugeot Citroen on gasoline engines, Chief Executive Officer Norbert Reithofer said.

The world's largest maker of luxury vehicles "can imagine" joining forces with a cooperation partner in North America, Reithofer told reporters on Tuesday at the Geneva Auto Show. He declined to specify what areas the talks were focusing on.

"Peugeot also has several partners for cooperation," the CEO said. "That's our strategy, too."

Europe's second biggest auto manufacturer and GM announced plans to form a global alliance on February 29, allowing the U.S. company to take a 7 percent stake in Peugeot. The French car maker and GM's European Opel-Vauxhall division are grappling with slow sales and overcapacity in Europe.

Munich, Germany-based BMW's joint venture with Peugeot and projects to jointly make 4-cylinder gasoline engines remains unaffected by the French company's tie-up with GM, Reithofer said, noting that the cooperation may be extended when contracts expire in 2015.

(Reporting By Andreas Cremer; Editing by Helen Massy-Beresford)

See Now: OnePlus 6: How Different Will It Be From OnePlus 5?

 PREVIOUS POST
NEXT POST 

EDITOR'S PICK    

Hyundai to Invest $16.1 Billion for EV Business; Sets Annual Sales Goal of 1.87M Electric Cars by 2030

World's Most Expensive and Most Heavily-optioned Porsche 928 GTS is Coming Home to the U.S.

Major Boost as Tesla Giga Berlin Facility in Final Phase of Approval Process; Delivery Event Set This Month

Audi Looking for e-tron Electric Vehicles to Spur Car Brand's Growth in India in 2022

Toyota Offers Free EV Charging to Owners of 2023 bZ4X After Partnership Agreement with EVgo

2022 Suzuki Baleno Finally Unveiled in India: What are the Specs and Features of this City Car?