Mitsubishi May Supply PSA Peugeot Citroen with Electric Cars

Mitsubishi Motors shares rose 5.0 percent to 146 yen on the news.

Published: 09-Jan-2009

Mitsubishi Motors Corp shares jumped 5 percent on Thursday after the Nikkei business daily said the company may start supplying France's PSA Peugeot Citroen Group with electric cars from next year.

Japan's fifth-largest carmaker may supply 10,000 i MiEV passenger cars a year to the French automaker by 2011 on an original equipment manufacturer (OEM) basis, the Nikkei added.

Mitsubishi Motors rose 5.0 percent to 146 yen, far outperforming the Topix subindex for transport equipment makers .ITEQP.T, which fell 1.1 percent, although a Mitsubishi Motors spokesman said no such decision had been reached yet.

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