PSA Peugeot Citroën, a French car manufacturer, and a Japanese Mitsubishi Motors entered into a process of negotiation on possible options for a closer alliance. During the crisis that has affected the automotive industry as a whole, both firms are experiencing difficulties and seek mutually beneficial cooperation in order to reduce costs, increase the level of research and development, in particular to create a new generation of electric vehicles.
Similar convergences are not uncommon now in the world of automakers, according to The New York Times. Yes, Italian fiat acquired 35% shares this year Chrysler, and the French manufacturer Renault partially controls Japanese Nissan.
The forms of cooperation have not yet been determined, but it is clear that the companies will deepen cooperation in areas where they already cooperate, in particular in the production of electric vehicles, and a common production is already being built in Russia (in Kaluga), and other joint ventures will appear. Considering a purchase PSA shares of the Japanese manufacturer, which will increase the influence of the alliance in the Asian market.
