|Popular Cars For Sale||Ford F-150||Chevrolet Silverado||Honda CR-V||Nissan Rogue||Toyota Camry||Toyota RAV4|
New engines are needed to meet ever-tightening global fuel economy and emission standards, and engines are incredibly expensive to develop, test and put into production. The cost to develop a new engine family can range between $1.3 and $2.6 billion dollars, and no automaker wants to pay that tab alone if they can split the cost with another partner.
BMW already has cooperative relationships in place with PSA/Peugeot/Citroen, Toyota and Daimler, and is allegedly in discussion with General Motors as well. Now comes word from Automotive News, citing German source Automobil Produktion, that BMW may also be in talks with Hyundai over future engine development.
Speculation surfaced after Hyundai Chairman Chung Mong-koo’s son, Chung Eui-sun, allegedly met with top BMW managers in Munich, although the purpose of the meeting (if it actually took place) wasn’t clear. While both BMW and Hyundai could benefit from sharing powertrain development costs, Hyundai could have been in Munich to pitch other business opportunities (like the use of its high strength steel) as well.
In typical German fashion, BMW denied comment on the report, saying only that “further co-operation partners are currently not foreseen.”
|Popular New Cars|
|New Acura MDX||New Chevrolet Corvette||New Kia Telluride||New Toyota Highlander|
|Chevrolet Silverado 1500||New GMC Sierra 2500||New Jeep Wranger||New RAM 1500|
|New Chevrolet Equinox||New Honda Accord||New Kia K5||New Subaru Forester|
|New Chevrolet Traverse||New Honda Civic||New Kia Sorento||New Subaru Outback|
|New Ford F150||New Honda CR-V||New Kia Sportage||New Toyota Camry|
|New Ford F250||New Honda Pilot||New Mazda CX-5||New Toyota Corolla|
|New Ford Escape||New Hyundai Tucson||New Nissan Rogue||New Toyota RAV4|
|New GMC Sierra 1500||Jeep Grand Cherokee||New Nissan Sentra||New Toyota Tacoma|