Mitsubishi and PSA Peugeot-Citroen Set Up Joint Venture in Russia

With Russia set to become Europe’s largest single car market in 2009 overtaking Germany, it comes to no surprise that automakers are getting into all sorts of agreements to build new assembly lines. Today, Mitsubishi Motors Corporation (MMC) and PSA Peugeot Citroën announced that they signed a joint venture agreement to produce vehicles for all 3 brands (Peugeot, Citroën and Mitsubishi) in Russia