BMW and Hyundai Discuss Possible Engine Alliance

It’s being reported that BMW and Hyundai are currently in talks about developing a new engine family together.

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It’s being reported that BMW and Hyundai are currently in talks about developing a new engine family together. BMW already has engine partnerships with PSA Peugeot Citroen and Toyota, but now BMW is reportedly talking with Hyundai to share future development costs ($1.3-2.6 billion) of new powertrains.


Automobil Produktion is reporting that Hyundai Chairman Chung Mong-koo’s son and heir apparent, Chung Eui-sun, had met a small group of top BMW managers in Munich. Reuters also confirmed with a source that “The talks are at early stages.” Another source also told Reuters that the two automakers have been discussing a possible alliance that would see them jointly developing an engine and sharing development costs equally.

A spokesman for Hyundai has denied the alliance discussions and BMW chief executive Norbert Reithofer told reporters on Thursday, “further co-operation partners are currently not foreseen.”

Reuters