Mitsubishi Mitsubishi left at the altar again GoAuto

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CITROEN C-Zero Electric Cars

News — Mitsubishi

left at the altar again

i-MiEV: The Peugeot iOn — on Mitsubishi’s electric i-MiEV will go on sale in Europe at the end of year, alongside Citroen’s the C-Zero.

Peugeot-Citroen scraps to buy into Mitsubishi, but still to share EVs

11 March 2010

Motors and PSA Peugeot-Citroen have off their impending nuptials, but plan to share more

While the two car-makers have a deeper alliance that have involved Peugeot-Citroen a slice of Mitsubishi, they signed off on a deal for Mitsubishi to 100,000 electric cars on the forthcoming Mitsubishi i-MiEV to be as the Peugeot iOn and Citroen C-Zero late this year.

The companies had been in discussions last year over a capital alliance that have created another conglomerate, similar to Renault-Nissan.

But the was scrapped after talks at the motor show between chief executive Philippe and Mitsubishi president Osamu with the French contingent getting cold feet the prospect of propping up the Japanese company.

Peugeot-Citroлn and Mitsubishi in a joint statement that would seek to expand partnership, but concluded that a alliance was not appropriate in the current .

From top: The Citroen Mitsubishi i_MiEV, and Peugeot

Mr Varin told reporters his did not want to enter into a alliance that might put its financial situation into and in particular harm its debt

In terms of our debt and our borrowing it s clear that whatever we do, the must be to preserve our financial he said.

European reports that Peugeot-Citroen had considered a stake of between 30 and 50 per cent of costing up to 2.4 billion ($A3.6b). The venture would have the world s sixth largest company with combined of about 4.4 million.

Peugeot-Citroen s apparent decision to Mitsubishi at the altar is seen as hurtful to the Japanese company, has tried for years to find a partner to help it compete global giants such as Volkswagen, General Motors, and Renault-Nissan.

CITROEN C-Zero Electric Cars

Mitsubishi s global have fallen by more half over the past as the company struggled through relationships with companies as Chrysler.

However, the product-sharing relationship will remain in place for with the companies jointly this week that its vehicle (EV) deal from a framework agreement in September 2009 had been

Production of the 100,000 EVs for Europe start in October for a late sales launch and be sold by Peugeot and Citroen. Neither vehicle is likely to be sold in the term in Australia, where the i-MiEV is scheduled to hit the market in numbers in the second half of year.

Because of lithium-on shortages, Mitsubishi Motors is to produce only 9000 of i-MiEV this year, but to double that next to 18,000 before ramping up to a year, shared between PSA and

Apart from the shared EV, already supplies the Outlander-based 4008 and Citroen C-Crosser for Europe, and the two organisations are building a factory in Russia.

Meanwhile, today announced an agreement its Swiss distributor, MM Automobile AG, and Switzerland’s largest electricity Alpiq Holding AG, to jointly i-MiEV in Switzerland.

The companies work together to confirm the of electric vehicles and Japanese-developed units in Switzerland.

Hyundai ix35 The incredible possible

CITROEN C-Zero Electric Cars
CITROEN C-Zero Electric Cars
CITROEN C-Zero Electric Cars
CITROEN C-Zero Electric Cars
CITROEN C-Zero Electric Cars
CITROEN C-Zero Electric Cars
CITROEN C-Zero Electric Cars
CITROEN C-Zero Electric Cars
CITROEN C-Zero Electric Cars

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