BMW Group and PSA Peugeot Citroën to invest 100 million EUR in joint venture on hybrid technologies
The BMW Group and PSA Peugeot Citroën plan to invest 100 million EUR in their intended joint venture on hybrid technology named ``BMW Peugeot Citroën Electrification'', both companies announced at a press conference in Geneva today.
Toyota Motor plans to supply hybrid technology to BMW, deepening a partnership that began with a deal last December on diesel engines and electric car batteries, the Nikkei business daily reported on Monday.