BMW offers Daimler engine cooperation with Peugeot - report

BERLIN (Dow Jones)--BMW AG (BWM.XE) is offering DaimlerChrysler AG (DAI:
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DAI 100.20, +0.66, +0.7%) a cooperation deal with French rival Peugeot SA (12150.FR) to jointly develop an engine, according to the advance release of a report in Monday's edition of Handelsblatt.
BMW Chief Executive Officer Norbert Reithofer told the newspaper that the door for such a cooperation would be open if Daimler is interested in it, as a third partner would result in further synergies for the development of new petrol engines.
BMW already has a cooperation agreement with Peugeot to build car engines for its Mini range.
Newspaper Web site: http://www.handelsblatt.de
-Berlin Bureau, Dow Jones Newswires; 49-30-2888-410.
(END) Dow Jones Newswires
September 30, 2007 11:17 ET (15:17 GMT)
-Contact: 201-938-5400

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