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PSA COUV page . page RA GB - PEUGEOT Presse

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Growth Strategy<br />

Corporate<br />

Governance<br />

Business Review<br />

Corporate Policies<br />

Management’s<br />

Discussion<br />

and Analysis<br />

Statistics<br />

systems. These systems—known as variable<br />

valve timing (VVT), variable valve lift system<br />

and timing (VVL), or Valvetronic—adjust<br />

the timing and degree of valve opening<br />

instantly to optimize cylinder filling and<br />

increase engine efficiency.<br />

Longer-term, the logical outcome of this<br />

research will be the camless engine, in<br />

which throttle valves will be operated by a<br />

computer-controlled electromagnetic or<br />

electrohydraulic system, instead of a<br />

camshaft. With this technology, the throttle<br />

valve and related pumping losses will be<br />

eliminated, thereby directly reducing fuel<br />

consumption—and with it CO 2 emissions—<br />

by as much as 10% compared with existing<br />

engines.<br />

DIRECT GASOLINE INJECTION FOR<br />

INCREASED FUEL ECONOMY<br />

<strong>PSA</strong> Peugeot Citroën is also conducting<br />

research into direct gasoline engine injection<br />

that, like the camless engine, would<br />

eliminate pumping losses linked to the<br />

throttle valve. Another area of study is<br />

stratified combustion, based on the<br />

observation that a slightly richer air-fuel<br />

mixture is needed for ignition than in other<br />

parts of the combustion chamber. If<br />

differentiated combustion regions can be<br />

created on a sustainable basis, the fuel<br />

mixture could be kept as lean as possible<br />

to minimize fuel consumption. These<br />

technologies could reduce consumption by<br />

around 5%.<br />

HYBRID VEHICLES, AN EMERGING<br />

TECHNOLOGY<br />

To reduce fuel consumption, hybrid vehicles<br />

combine two sources of energy, an internal<br />

combustion engine and an electric motor.<br />

In June 2002, <strong>PSA</strong> Peugeot Citroën and<br />

Electricité de France (EDF) signed a<br />

cooperation agreement to develop electric<br />

and hybrid vehicles and to step up research<br />

into associated technologies. Both partners<br />

place great importance on expanding the<br />

use of environmentally friendly automobiles,<br />

in particular among owners of electric<br />

vehicle fleets, such as public authorities,<br />

communities, and companies.<br />

The main challenge for the future is<br />

batteries, whose size, cost and volume can<br />

all be improved. The next hybrid electrical<br />

applications will be based on nickel-metalhydride<br />

batteries. In the longer term,<br />

though, lithium-ion batteries will overtake<br />

them, since they potentially offer a better<br />

energy/power ratio for equivalent volume<br />

and a lower objective cost, after adjustments<br />

to vehicle architecture.<br />

The Group is taking a pragmatic, prudent<br />

approach to three types of hybrid vehicle:<br />

- Stop and Start vehicles, which cut the<br />

engine whenever the car stops. By<br />

eliminating the idling phase, this solution<br />

<strong>PSA</strong> <strong>PEUGEOT</strong> CITROËN - MANAGING BOARD REPORT 93

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