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| The Pub For General Automotive Related Talk |
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05-12-2009, 10:54 AM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Central Q..10kms west of Rocky...
Posts: 8,306
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TOKYO - FRENCH carmaker PSA Peugeot Citroen is in talks with Mitsubishi Motors Corp. to buy a 30 to 50 per cent stake in Japan's No. 4 automaker, a paper said Thursday.
The Nikkei business daily said Peugeot Citroen will spend up to 300 billion yen (S$4.70 billion) to acquire the stake in Mitsubishi. The paper gave no sources. Mitsubishi declined to confirm the report. 'There are no facts to be announced,' the Japanese company said in a statement. The paper said Peugeot Citroen - Europe's second biggest car company - and Mitsubishi are in the final stages of capital tie-up talks. The deal could effectively put Mitsubishi under Peugeot Citroen's control. The French carmaker may seek more than a 50 percent stake in Mitsubishi, the paper said. The two companies already have collaborated, agreeing to launch an electric car in Europe by the end of 2010. It will be based on Mitsubishi's i-MiEV, which was launched on the Japanese market in June. The two have also agreed to set up an auto factory in Russia to make mid-sized sport utility vehicles. -- AP
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CSGhia |
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05-12-2009, 11:26 AM
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V8 Powaah
Join Date: Jan 2005
Location: Sunshine Coast, QLD
Posts: 1,994
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Well that would be one weird synergy. Guess PSA is trying to copy the Renault/Nissan deal.
Personally I prefer an independant Mitsubishi.
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FG G6E Turbo- Seduce & Cashmere - Sold XF S pack Sedan- AU 302 Windsor, T5, 2.77 LSD, Many Mods
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05-12-2009, 11:31 AM
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Regular Member
Join Date: Aug 2008
Location: Outer-Inner-Northern Melbourne
Posts: 243
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05-12-2009, 11:57 AM
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FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 531
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And the iMIEV, so yeah, looks like synergies are there already...
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05-12-2009, 12:45 PM
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Flairs - Truckers Delight
Join Date: Aug 2006
Location: Brisbane Northside Likes: Opposite Lock
Posts: 5,731
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doesn't bother me, i wouldn't buy either anyway!
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Current: Silhouette Black 2007 SY Ford Territory TX RWD 7-seater "Black Banger"
2006-2016: Regency Red 2000 AUII Ford Falcon Forte Automatic Sedan Tickford LPG "Millennium Falcon" |
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Peugeot in Talks to buy Mitsubishi
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