According to a report by Bloomberg, BMW and Peugeot are likely to end their cooperation on small gasoline engines in 2016. The joint venture began in 2002 when the two companies agreed to develop as many as 1 million small displacement gasoline engines.
The cooperation was later expended to include components for hybrid systems.
The hybrid portion unraveled last year after Peugeot and GM started setting up their partnership in early 2012.
The small engines produced as part of the BMW-Peugeot joint venture are used in the current generation MINI cars and in the Citroen DS4 and DS5. Since the new generation MINIs will use BMW’s own three and four-cylinder gasoline and diesel engines, the cooperation might seem redundant.
BMW Chief Executive Officer Norbert Reithofer was also cited in July by German financial daily Boersen-Zeitung as saying the powering systems.