One of the first fruits of the PSA-Mitsubishi partnership
The world’s automakers continue to be rocked by the recession and lots of changes are being made to trim fat, find synergies, stay afloat and continue to be profitable, or even continue existing for same! Now we could be looking at another French-Japanese alliance. Aafter all Renault-Nissan seems to be working well. Nikkei English News claims that PSA Peugeot Citroen would be taking up a stake of between 30 to 50 percent in Mitsubishi, if talks go well and an agreement is reached.
Mitsubishi and PSA currently have a few projects together. Most of them involve PSA using Mitsubishi products to plug gaps in their product offering, such as the Mitsubishi Outlander being sold in Europe as the Peugeot 4007 and Citroen C-Crosser. French badges are also put on the Mitsubishi i as PSA’s own electric offerings.
Peugeot did not comment on whether this was true. Mitsubishi didn’t either, but said that it was in talks with the French automaker group to increase their levels of cooperation. They did not deny that a capital tie-up could be one of the options being considered.