Tag: take-over

By on December 3, 2009

French Shibari, aka financial tie-up. Picture courtesy Wikimedia.org

Renault has its Nissan. Jealous PSA seeks the company of a pretty Japanese bride of its own. Mitsubishi Motors Corp. confirmed to the Nikkei [sub] today that it is in talks with PSA Peugeot-Citroen about some financial shibari. The capital tie-up could see PSA take a majority position in Mitsubishi Motors.

“We have been talking whether we can have deeper relationship, and a capital tie-up is one among many options,” said a Mitsubishi Motors spokesman, declining to comment on the scale or value of any potential deal. The Nikkei [sub] reported earlier Thursday that PSA could buy a stake of 30 percent to 50 percent in Mitsubishi Motors and become its biggest shareholder.
(Read More…)

Recent Comments

  • bienville: Here is my prediction: They will sell one. To Vulpine. Who’ll spend all day complaining about how...
  • klossfam: Hyundai is a little bit ‘damned if they do, dammed if they don’t’ with this…They...
  • Land Ark: I REALLY like this. I know it won’t look anything like the concept, but I would gladly buy a compact...
  • SCE to AUX: My thoughts, exactly; but it will cost more to fix this unicorn.
  • SCE to AUX: “U.S. sales of the Cadillac CTS are tanking” Then the GME version is just in time to make a...

New Car Research

Get a Free Dealer Quote

Staff