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Old 12-03-2009, 12:34 PM   #1
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Default Peugeot set to take up to 50% stake in Mitsubishi Motors


PSA Peugeot CitroŽn on Thursday joined the ranks of global automobile giants gambling that a deeper alliance ó in this case with Mitsubishi Motors of Japan ó will offer it shelter from the uncertainties surrounding the industry.
Faced with slowing growth in their core markets, the ending of government support programs extended during the global economic crisis and demands for tighter environmental standards, a number of major automakers have recently been seeking alliances or mergers to cut costs and improve research and development capabilities.
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