TOKYO -- Mitsubishi Motors is talking with PSA/Peugeot-Citroen over future cooperation, said Chairman Yoichiro Okazaki.
"It's true that a few times we've sought a possibility with PSA, but nothing is concrete yet. We're trying to see what could be made concrete in the future," said Okazaki.
Japanese press reports say the talks with PSA center on three possibilities:
Mitsubishi could buy diesel engines from the French carmaker for use in Europe; Mitsubishi could supply PSA with minivans and SUVs from its US plant in Normal, Illinois; or PSA could take a stake of up to 20 percent in Mitsubishi.
PSA said it has no plans to form an operational link with Mitsubishi. But as part of its growth strategy it is always open to the possibility of working with other manufacturers.