Mitsubishi Motors Corp. and PSA Peugeot Citroen announced today that they have both signed a “Memorandum of Understanding” regarding teaming up on electric vehicles based on a vehicle currently under development by Mitsubishi in Japan. Basically, that means that PSA Peugeot Citroen will now be selling Mitsubishi’s i MiEV in the European market with their [...]
Shares of Mitsubishi Motors Corp jumped 5 percent today after Japanese business daily Nikkei reported that the company will start supplying France’s PSA Peugeot Citroen Group with a version of its i MiEV electric-car. It has been previously reported that the Japanese and French automaker will team up to develop electric powertrains for use in [...]
Fiat Group SpA has shut down most of its Italian plants for a month, laying of 48,000 blue collar workers for an extended holiday break due a drop in demand for new cars. The shutdown will be effective until mid-January and will affect 20 Italian Fiat plants. According to InsideLine sources, Fiat and PSA Peugeot-Citroën [...]
The new head of PSA Group’s Peugeot Jean-Philippe Collin is working on getting the upper-level executives on his side to meet some ambitious sales goals and expanding into new segments with new models. Collin said currently Peugeot is only covering 72 percent of the segments in the market and wants the brand to cover at [...]
Peugeot has released some images and information on its new concept that will debut at the 2008 Paris Motor Show in October. Known as the RC… (the full name will be revealed at the show), the GT Coupe (really a four-door) is said to be the missing link between Peugeot RC Concept cars shown in 2002 [...]
