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Rumor: BMW and Hyundai partnering on engine development

Rumors | May 4th, 2012 by 12
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BMW is in talks with Hyundai to co-develop a new engine family. According to Automotive News, the Munich-based automaker is looking to further save money …

BMW is in talks with Hyundai to co-develop a new engine family. According to Automotive News, the Munich-based automaker is looking to further save money on new engines development which accounts for $1 to $2 billion. An unnamed source told Automobil Produktion that Hyundai Chairman Chung Mong-koo’s son and heir apparent, Chung Eui-sun, had met a small group of top BMW managers.

As expected, a BMW spokesman declined to comment. A Hyundai spokesman has also said denied the meeting between the two parties.

CEO Norbert Reithofer who said today that “further co-operation partners are currently not foreseen.”

Rumor: BMW and Hyundai partnering on engine development

BMW is currently working on engine and technology development with PSA/Peugeot-Citroen Group, as well as with Toyota and Daimler. A rumored partnership with General Motors came forward in the past few months.

 

Back in March, BMW had said it was working on a new engine architecture that would improve economies of scale for its three, four and six-cylinder gasoline and diesel engines.

  • Xcoreflyup

    why hyundai? they have the suckest engine of all time

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  • Deepesttrancer

    I am sick and tired of cost sharing and profitability. Is not like BMW is struggling not to pass away. They are one of the most profitable car companies in the world with a brand value way up.
    I don’t like this at all. I feel that slowly and surely they are slipping away from what made them famous. Where is that slogan “the expression of independence from a company built on it”?
    Quandt family should step in with their heart and soul as they did back in the 60′s. Why not secure deals on delivering engines as they did with PSA and were about to do with Saab?

    • Mateo

      man : RESPECT!!! i agree 100%

  • http://twitter.com/Twittavelli Twittavelli

    I would like BMW to stay an independent brand otherwise I will have lost every grain of respect for them. If you are going to partner with someone make it some one respectable. I would have preferred to hear Nissan. 

    • Mateo

      lol, nissan, hahah, nissan is Renault, haha, nissan, (i don’t know about USA but in Eu nissan uses lot of renault parts)

  • Mateo

     PSA/Peugeot-Citroen Group – engines for MINI – i agree, good deal, i don’t give a “something”Toyota and Daimler – electric things – i agree, good deal, i don’t give a “something”
    Hyundai – ??????- WTF
    as long as 3/5/7 stay true 3/5/7 I’m alright!

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  • ufo79

     The end of the world is near!!!
    BMW is loosing its soul! by wanting to sell cars to every categorie of people.
    Sad!!

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