Report: BMW, Hyundai discuss engine deal
CEO Norbert Reithofer dampened speculation on new partnerships for BMW.
FRANKFURT -- Hyundai and BMW may cooperate on development of new engine families, according to a German industry newsletter.
The publication Automobil Produktion reported that Hyundai Chairman Chung Mong-koo's son and heir apparent, Chung Eui-sun, met with BMW executives last week in Munich.
A BMW spokesman declined to comment on the report.
BMW currently is in talks with General Motors. CEO Norbert Reithofer earlier dampened speculation that BMW would extend its partnerships beyond PSA Peugeot Citroen, Toyota, Daimler and -- if the talks succeed -- GM.
"Further co-operation partners are currently not foreseen," Reithofer told reporters last week.
BMW had said in March it was working on a new engine architecture that would improve economies of scale for its three-, four- and six-cylinder gasoline and diesel engines.