BMW to Retain Hybrid Car Research as Peugeot Venture Ends

Bayerische Motoren Werke AG, the world’s biggest luxury-car maker, intends to continue hybrid-vehicle research on its own as it holds talks with PSA Peugeot Citroen about breaking up a joint venture.

Operations of the BMW Peugeot Citroen Electrification partnership, established in October to develop, purchase and produce electric powertrains and components, will be retained by BMW, Micaela Sandstede, a spokeswoman for the Munich-based carmaker, said by telephone.