Shares in Mitsubishi Motors Corporation (MMC) soared more than 20% on Thursday after the Nikkei business daily reported PSA Peugeot Citroen was in talks to spend up to JPY300bn (US$3.4bn) to acquire a 30-50% stake in the Japanese automaker. PSA itself would confirm only it had "started discussions with Mitsubishi Motors Company (sic) concerning the possibility of extending their relationship".
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PSA/Peugeot Citroen could buy a large stake in Mitsubishi as part of plan to deepen ties to ride out the auto industry's worst ever slump.
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France's PSA/Peugeot Citroen SA could buy a large stake in Japan's Mitsubishi Motors Corp. as part of plan to deepen ties to ride out the auto industry's worst ever slump.
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PSA/Peugeot Citroen could buy a large stake in Mitsubishi as part of plan to deepen ties to ride out the auto industry's worst ever slump.
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Last week saw Peugeot Sport organise a test session with the 908 HDi FAP at the new Motorland circuit in Aragon, Spain. For the engineers and the managers of the team, it was a golden opportunity to assess the performance of rally champion Sebastien Loeb in the 908.
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Peugeot's Puma rival, BMW's 63mpg 3-Series driven, we build first Aston Rapide, we name UK's best new hatch
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Peugeot has started to take pre-reservations for its electric car, the i0n in the UK.
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Peugeot has started to take pre-reservations for its electric car, the i0n in the UK.
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French firm ready to expand its sports car line-up with new budget coupé
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French firm’s famous brand consigned to scrapheap in move that makes way for all-new RCZ performance coupé
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PSA Peugeot Citroen needs to axe 6,000 jobs in France, 10% of its workforce there, between now and 2012 in order to boost productivity by 20%
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PSA Peugeot Citroën said it has revised its 2009 forecasts significantly upwards due to the recent improvement in the automobile market and the ongoing success of new Peugeot and Citroën models.
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PSA Peugeot Citroen's supplier network in France is burdened with 40% too much industrial capacity, its head of purchasing said on Friday.
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PSA/Peugeot-Citroen's supplier network in France is burdened with 40 percent too much industrial capacity, its head of purchasing said on Friday.
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PSA Peugeot Citroen has no plans to pull out of parts affiliate Faurecia despite seeing its controlling stake diluted as part of a US acquisition, the head of Faurecia said on Tuesday.
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Faurecia CEO Yann Delabriere did not rule out PSA/Peugeot-Citroen lowering its stake in the partsmaker below 50 percent.
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Faurecia CEO Yann Delabriere did not rule out PSA/Peugeot-Citroen lowering its stake in the partsmaker below 50 percent.
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Peugeot sees a strong end to 2009 as drivers flock to take advantage of scrapping schemes while they still can, deputy managing director Nicolas Wertans said. He expects the overall European market to reach around 14.
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Sanyo Electric said it would supply nickel-metal hydride batteries to PSA/Peugeot-Citroen's hybrid cars, broadening the pool of customers for its green car batteries.
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Sanyo Electric Co. has agreed with PSA/Peugeot-Citroen SA to supply nickel-metal hydride batteries for the French carmaker's diesel-electric hybrid cars, the Nikkei business daily said on Sunday.
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