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Old 01-17-2007, 09:18 AM   #1
NYCshopper
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Default PSA Peugeot CitroŽn & Mitsubishi enter Diesel Engine Supply Agreement

PSA Peugeot CitroŽn & Mitsubishi enter Diesel Engine Supply Agreement



Press Release:
Quote:
PSA Peugeot CitroŽn and MMC Enter Diesel Engine Supply Agreement

Tokyo and Paris, January 17, 2007 ó Mitsubishi Motors Corporation and PSA Peugeot CitroŽn announced today that they have signed an agreement under which Mitsubishi Motors will be supplied with diesel engines by PSA Peugeot CitroŽn in a new collaborative agreement.

Under this agreement PSA Peugeot CitroŽn will start supplying Mitsubishi Motors with its state-of-the-art 2.2l common-rail, direct-injection diesel engine from mid 2007. This engine will also be fitted with a PSA Peugeot CitroŽn patented particulate filter to deliver outstanding environmental performance.

Mitsubishi Motors is to introduce its new SUV model, the Outlander in Europe this month, and towards the end of 2007, will add a new diesel version powered by the 2.2l PSA Peugeot CitroŽn diesel engine.

The Peugeot 4007 and CitroŽn C-Crosser will benefit from this 2.2l engine upon their commercial launch, i.e. mid- 2007.

In July 2005, the two companies decided to join forces and work on an SUV-type 4WD vehicle for PSA Peugeot CitroŽn based on a new platform already under development at MMC. This new agreement, which was not in the original scheme of the partnership, means that the two companies extend their operational ties into the field of component supply. This highlights the good relationship of the two groups.

Mitsubishi Motors and PSA Peugeot CitroŽn will pursue their cooperation strategy in "win-win" areas.
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