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Mitsubishi and PSA sign cooperation agreement

PSA Peugeot Citroen CEO Jean-Martin Folz and Mitsubishi Motors Corporation chairman Takashi Nishioka have signed the final cooperation agreement today between their two companies concerning all-new SUVs.

The agreement plans for the annual production in Japan of 30,000 units for PSA Peugeot Citroen’s needs, based on a Mitsubishi Motors’ platform currently under development.

To be launched in Europe in 2007, the new SUVs will be powered by Mitsubishi Motors’ newly developed petrol engines and by PSA Peugeot Citroen’s latest-generation HDi diesel engines equipped with particulate filters.

In Japan, the Mitsubishi-branded model will be launched in autumn this year. In Europe, the models of the three brands Peugeot, Citroen and Mitsubishi (European version) will be unveiled at the 2007 Geneva Motor Show.

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