PSA Peugeot Citroën and Mitsubishi Motors Signed a New Cooperative Agreement to Develop Electric Version of Peugeot Partner and Citroën Berlingo

PSA Peugeot Citroën and Mitsubishi Motors Corporation Signed a

New Cooperative Agreement to Develop Electric Version of

Peugeot Partner and Citroën Berlingo

Paris / Tokyo, September 29, 2010 - Mitsubishi Motors Corporation (MMC) and PSA Peugeot Citroën announced today that they have signed an agreement to start the technical development of an electric version of Peugeot Partner and Citroën Berlingo LCVs built at the PSA Vigo plant in Spain.

Peugeot Partner

Under this new cooperative agreement, both partners will specify all technical and industrial aspects to be able to commence production of these electric versions by the end of 2012.

Citroen Berlingo

This signature is a continuation of the previous Cooperative Agreement on the jointly-developed European Peugeot iOn and Citroën C-ZERO models based on the i-MiEV* new-generation electric vehicle.

*Mitsubishi innovative Electric Vehicle, based on the "i" minicar

Start of SUV Production at PCMA Rus at Kaluga [RU]

Further Step for PCMA Rus, with the Start of Production of SUVs

Paris / Tokyo, September 17th, 2010 - PSA Peugeot Citroën (PSA) and Mitsubishi Motors Corporation (MMC) announce the start of production of the Citroën C-Crosser, Peugeot 4007 and Mitsubishi Outlander SUV models at PCMA Rus, their joint plant located at Kaluga, 180 km southwest of Moscow, Russia.

After the launch of C-segment vehicles (with Peugeot 308 in April and Citroen C4 in July) the Kaluga-based factory of PSA and MMC is now starting to ramp up its production of SUVs for the three brands.

Inaugurated in April by Mr. Anatoly Artamonov, Governor of the Region of Kaluga, Phillippe Varin, Chairman of the Managing Board of PSA, and Takashi Nishioka, Chairman of MMC, the factory has already assembled 11,000 vehicles.

As a result of a €470 Million investment, this factory has been able to implement production and quality processes equivalent to those in operations in any of the PSA and MMC factories, and the plant will be fully operational in 2012.

With 400 staff currently, the Kaluga factory has become a key contributor to the local economy and is another demonstration of the successful policy led by the Governor of Kaluga Region to develop an industrial cluster southwest of Moscow.

With local production of the Citroën C-Crosser, Peugeot 4007 and Mitsubishi Outlander both PSA and MMC will be able to respond quickly to the needs of Russian customers, thereby increasing their market presence.