PSA Peugeot Citroen has no plans to form an alliance with Japan’s Mitsubishi, Reuters reported.

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“As of today, there is no active project to cooperate with Mitsubishi,” Peugeot said in a statement cited by the news agency.


PSA reportedly said quotations attributed to its chairman Jean-Martin Folz published in Japanese paper Nihon Keizai Shimbun did not accurately reflect his comments in an interview with the paper.


The paper quoted Folz as saying PSA was in talks with Mitsubishi Motors on a possible operational tie-up, Reuters added.


PSA reportedly said that as part of its growth strategy it was always open to the possibility of working with other manufacturers. “The group is developing a strategy of technical cooperation with different industrial partners,” it said in the statement.


“In this context contact is regularly made with numerous automobile manufacturers to discuss component exchanges,” it added, according to Reuters.

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