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BMW Fiat logoBMW and Fiat stated this week that they are looking into joining together and creating platforms and components for their Alfa Romeo and Mini divisions. If agreed upon BMW will sign the contract – which will outline their cooperation with the Italian company.

BMW’s product development director Friedrich Eichiner and Fiat’s power train technologies unit Alfredo Altavilla will be the ones in charge and the ones to sign the contract. They will make their decision by the end of the year if not earlier.

Eichiner said the two companies would explore the possiblity of using common components and systems in cars made by each brand while Fiat chief executive Sergio Marchionne said the deal marked “a major milestone in the execution of our strategy of cooperation.”

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