According to reports, BMW and Jaguar Land Rover are finalizing a deal which will see the German manufacturer supplying its British rival with V8 engines.

Automobile Magazine suggests that Jaguar Land Rover is on the lookout for somebody to supply them with high-performance V8s for their selection of SVR badged models. Meanwhile, increasing costs in producing these engines is apparently pushing BMW towards finding another company to supply its engines to.

Currently, BMW’s range-topping engine is its twin-turbocharged 4.4-liter V8 engine, delivering up to 600 hp when installed into the M5. While this powertrain is a proven performer, an even more potent and efficient 4.0-liter twin-turbo V8 is in the works and it is this engine that will apparently find its way into future JLR models.

JLR’s range-topping V8 comes in the form of a supercharged 5.0-liter unit offering up to 575 hp in the Jaguar F-Type SVR. If the company is able to buy V8s from another manufacturer, it will allow it to focus on the production and development of its inline-three, four and six cylinder engines.

If a deal is indeed on the cards, expect an official announcement in the coming months.

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