Peugeot-Citroen looking at buying Mitsubishi

Peugeot-Citroen looking at buying Mitsubishi

Peugeot-Citroen looking at buying Mitsubishi

The French and the Japanese have gotten together to form a strong partnership once already with the Nissan Renault alliance. Now it’s looking like other carmakers may be attempting to replicate this success. PSA Peugeot-Citroën  is reportedly on the verge of purchasing a controlling stake (somewhere between 30 and 53 percent) in Mitsubishi Motors.

It’s not going to come cheap and the total price for the acquisition would cost the European automaker over $3 billion USD and the deal would also include Mitsubishi taking a somewhat smaller stake in PSA Peugeot-Citroën. This deal shares strong similarities to the situation between France’s Renault and Japan’s Nissan.

So, what exactly does Mitsubishi have that Peugeot wants? Apparently three things. A presence in the States, SUV expertise and most importantly, electric vehicle technology.

If a deal does work out, the resulting company would be the sixth largest automaker by sales in the world.

Peugeot-Citroen looking at buying Mitsubishi

The French and the Japanese have gotten together to form a strong partnership once already with the Nissan Renault alliance. Now it’s looking like other carmakers may be attempting to replicate this success. PSA Peugeot-Citroën  is reportedly on the verge of purchasing a controlling stake (somewhere between 30 and 53 percent) in Mitsubishi Motors.

It’s not going to come cheap and the total price for the acquisition would cost the European automaker over $3 billion USD and the deal would also include Mitsubishi taking a somewhat smaller stake in PSA Peugeot-Citroën. This deal shares strong similarities to the situation between France’s Renault and Japan’s Nissan.

So, what exactly does Mitsubishi have that Peugeot wants? Apparently three things. A presence in the States, SUV expertise and most importantly, electric vehicle technology.

If a deal does work out, the resulting company would be the sixth largest automaker by sales in the world.

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