Peugeot iOn Ecologic car

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The respective French and German automakers said one of the aims of the new company is to create an open European platform for the technologies that will contribute to the structure and standardisation of the European hybrid technology industry. They also revealed that the joint venture will look to outsource some developments.
Peugeot and BMW plan to launch the new company in the second quarter of the year, which depends on gaining approval from competition authorities. Both companies intend to equip their vehicles with hybrid components developed by the new company, three years from now.
Peugeot iOn