PSA Peugeot Citroen, Europe’s second-biggest carmaker, said it will end cooperation with Bayerische Motoren Werke AG in hybrid-vehicle research while developing an alliance with General Motors Co.
Peugeot and Munich-based BMW won’t produce the vehicles jointly or set up any plants together for the models, Agence France-Presse newswire cited Guillaume Faury, Peugeot’s head of research and development, as saying. Laure de Servigny, a spokeswoman for Paris-based Peugeot, confirmed the comments.
