BMW is to strengthen ties with PSA Peugeot-Citroen according to the German carmaker’s chief financial officer Friedrich Eichiner.
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He has told Handelsblatt talks with PSA centre around component purchasing. Peugeot already supplies diesel engines for BMW’s Mini brand.
Eichiner said BMW was also still working on a purchasing cooperation with Daimler but he cautioned that such efforts should be limited, so as not to threaten the BMW brand.
He said: “We wouldn’t do ourselves a favour if the cars looked more and more alike.”
Asked about the economic situation, Eichiner said though markets had stabilised, a fresh economic downturn was still possible. BMW has so far refrained from giving an outlook for 2009.
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By GlobalDataHowever, Eichiner said he saw a chance to post profits with vehicle sales declines of 10 to 15%. BMW group sales fell 17.7% in the period from January to August.
