Editor/Reporter - CheersandGears.com
May 7, 2012
From the Twilight Zone files: Reuters reports that BMW is in talks with Hyundai about jointly developing engines.
"The talks are at early stages," a source told Reuters.
Another source said the two companies had discussed a comprehensive alliance, which included developing an engine and sharing development costs equally.
German industry publication Automobil Produktion reported on Thursday that Hyundai Motor Group chairman Chung Mong-koo's son and heir apparent, Chung Eui-sun met with BMW officials to talk about this.
BMW currently has partnerships with Peugeot, Toyota, and GM.
"Further co-operation partners are currently not foreseen," BMW chief executive Norbert Reithofer said to reporters.