GERMANY: BMW opens door to Mercedes
BMW's chief executive, Norbert Reithofer, has confirmed he is interested in inviting Mercedes to join its engine joint venture with PSA Peugeot Citroen.
According to the Handelsblatt newspaper, Reithofer said: "If Daimler is interested, the door is open. A third partner would certainly bring significant synergy effects".
PSA's CEO said 10 days ago that Mercedes could be a useful third party for the alliance. PSA already cooperates with BMW on small petrol engines which are used in the German automaker's UK-built Mini.
The next generation small petrol engine could also be used in the 1-Series and by Mercedes-Benz in the A-and B-class.
Reithofer said last week that BMW aims to save EUR6bn in the next five years and reduce investment by forming more partnerships with other vehicle manufacturers.