Posted by: carboncreditsusa | January 8, 2009

Electric Vehicle Update: Mitsubishi Motors May Supply Peugeot With Electric Cars


Mitsubishi Motors Corp., the maker of Outlander sport-utility vehicles and Eclipse sports cars, rose as much as 8.6 percent in Tokyo after the company said it may supply PSA Peugeot Citroen with electric cars.


The Tokyo-based company hasn’t made a final decision yet, spokesman Yuki Murata said in a telephone interview today.

Mitsubishi Motors’s i MiEV electric vehicle production will likely double from initial estimates on plans to make over 10,000 vehicles for Peugeot from 2011, Nikkei reported today.

Mitsubishi Motors, and France’s second-biggest automaker are focusing on electric vehicles as demand for lower-emission vehicles increases.

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