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Industry: Email Alert RSS FeedPSA invested more than BMW in new engine.(News)(PSA Peugeot-Citroen)(Brief Article)
Automotive News Europe, June, 2005 by Meiners, Jens
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Byline: Jens Meiners
PSA/Peugeot-Citroen financed 80 percent of the [euro]430 million industrial investment for a new gasoline engine family it will share with BMW.
This included [euro]330 million for a new assembly building in PSA and Renault's Francaise de Mecanique joint engine plant here. The other [euro]100 million includes investment in other plants that supply the Douvrin plant.
PSA's greater financial burden is in line with the larger percentage of engines it will get from the joint project.
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Research and development costs for the new engine, which amounted to ...
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