BMW and Peugeot Citroen joint venture for the hybrid

BMW Group and PSA PeugeotCitroen invest EUR 100 million in their joint venture dedicated to the development of hybrid technologies. The project is called "BMW Peugeot Citroen Electrification" and will operate from two sites, one on the outskirts of Munich and one in Monaco Mulhouse (here starting in 2014). Monaco to host all the research and development and purchases, while that of Mulhouse will