April Fools’ Day always brings about quite a few pranks throughout the automotive industry. We’ve gathered the best of 2011 into one mega-post for your enjoyment.
Tag Archives: Mitsubishi i-MiEV
North American Mitsubishi i-MiEV revealed ahead of LA Auto Show
The North American variant of the Mitsubishi i-MiEV has been revealed ahead of its debut at the LA Auto Show this year.
Peugeot may be Purchasing Mitsubishi
Peugeot has done some work with Mitsubishi recently. They’ve helped them with the Outlander, and the i-MiEV. Now, Mitsubishi is going through financial difficulties, and Peugeot is considering taking a majority stake in them.
This deal is apparently in the final stages, with Peugeot looking to stake a stake of over 50 percent. This deal would seemingly suit both parties very well, and it will likely go through soon.
Peugeot previously wanted to cooperate with Mitsubishi simply on a project-by-project basis, but it looks like these trouble financial times have changed things.
The plan would be for Mitsubishi to issue Peugeot $2.2 billion to $3.4 billion in new shares, giving them a 30 – 50 percent stake in the company.
Source: Inside Line