Peugeot In Talk To Become M'bishi Motor's Top Shareholder

Mitsubishi Motors Corp. and PSA Peugeot Citroen Group are negotiating a capital tie-up that would give the French firm a 30-50% stake in the struggling Japanese automaker, according to Nikkei. The deal would help Mitsubishi bolster its financial health and accelerate its business rehabilitation efforts. In exchange, Peugeot would be able to tap Mitsubishi's expertise in electric vehicles and its business network in emerging countries. The two have been discussing co-developing environmentally friendly vehicles.