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