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Mitsubishi, Peugeot scrap merger talks

Mitsubishi, Peugeot scrap merger talks
Japan's Mitsubishi Motors and France's Peugeot Citroen Wednesday scrapped an ambitious capital tie-up that would have created the world's sixth-largest auto alliance, after reports of financial discord. The companies in December confirmed they had discussed strengthening ties and a possible financial...
March 3rd, 2010 | Mitsubishi, Peugeot | Read More

Japan's Mitsubishi, Mazda and Subaru to sink into red

Japanese automakers Mitsubishi, Mazda and Subaru said Wednesday they will post losses for the year through March as a deepening global slump devastates the industry. Faced with the credit crunch, Mitsubishi Motors Corp. also said it would pull out of the Dakar Rally, which it has won 12 times, dealing...
February 4th, 2009 | Mitsubishi | Read More

Mitsubishi Motors to join downsizing trend

Mitsubishi Motors Corp. will join other major Japanese carmakers in making further cuts to production and jobs to cope with the global economic downturn, press reports said Saturday. The number-four Japanese carmaker is considering reducing its output in the business year to March 2009 by about 120,000...
November 22nd, 2008 | Mitsubishi | Read More

Mitsubishi, Peugeot may team up in electric cars

Japan's Mitsubishi Motors and France's PSA Peugeot Citroen said Tuesday they may collaborate in technology for electric vehicles as the global race to build green cars heats up. The exploratory project, expected to last several months, will involve joint development of components to transform...
June 17th, 2008 | Mitsubishi | Read More

Peugeot-Citroen, Mitsubishi announce joint production in Russia

French automaker PSA Peugeot-Citroen and Mitsubishi Motors of Japan announced the creation Monday of a joint vehicle-producing company in Russia, described by Peugeot as part of a "major offensive" in the Russian market. The assembly line at Kaluga, 180 kilometres (110 miles) southwest of Moscow, will...
May 19th, 2008 | Mitsubishi | Read More

Mitsubishi Motors axes Australian plant with 930 layoffs

Japan's Mitsubishi Motors Corp. said Tuesday it will close down a struggling plant in Australia with 930 layoffs as it expands its lower-cost operations in Thailand. The company blamed a waning appetite for large cars like the "380" sedan produced by the assembly plant in the southern...
February 5th, 2008 | Mitsubishi | Read More

2008 Mitsubishi Raider Puts Focus On Style And Value

Mitsubishi Motors North America, Inc. (MMNA) re-aligned its dramatically styled Raider mid-size pickup truck for 2008, sharpening the focus on customer value. The Raider model line is streamlined for 2008, now offering one extended-cab model and two Double Cab models. Three Raider models...
January 23rd, 2008 | Mitsubishi | Read More

Mitsubishi Concept-RA At A Glance

The MITSUBISHI Concept-RA offers a unique interpretation of the sporty coupe. This two-seat pure coupe concept explores the transversely mounted, front engine packaging theme. Generous helpings of technology create a vehicle that combines exotic appeal, outstanding, fun-to-drive dynamics...
January 21st, 2008 | Mitsubishi | Read More

Mitsubishi 2007 Sales Exceed Entire 2006 Total

Mitsubishi Motors announced today that calendar year-to-date (CYTD) sales reached 123,089 as of the end of November, a 13.3% increase compared to the first eleven months of 2006 and already more than the entire 2006 full-year total of 118,558. November sales this year were 7,983, a decrease...
December 9th, 2007 | Mitsubishi | Read More

Mitsubishi to reveal Concept-RA at 2008 Detroit Motor Show

Mitsubishi Motors Corporation (MMC) and Mitsubishi Motors North America Inc. (MMNA, based in Cypress California) will premiere MITSUBISHI Concept-RA to the world at the 2008 North American International Auto Show (NAIAS or the Detroit Motor Show). MITSUBISHI Concept-RA fuses a passion for...
December 4th, 2007 | Mitsubishi | Read More
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