PSA Peugeot Citroen

Paris, Tokyo, June 17, 2008— PSA Peugeot Citroen and Mitsubishi Motors Corporation (MMC) announced today that both companies agreed to start a feasibility study on an extended technical collaboration in the field of electric powertrains.

This project, which will run over several months, relates to the development, the manufacture and the use of an electric powertrain for small urban vehicles.

To step up the viability of electric vehicle projects and accelerate market introduction, the companies agreed that cooperation on electric vehicle development and production would be mutually beneficial.

This new agreement reinforces the bonds between the two manufacturers who, a week ago, laid the first stone of their joint Russian factory, in Kaluga (180 km south west of Moscow)

Kaluga, 10 June 2008 — Roland Vardanega, Member of the Managing Board and Executive Vice President, Manufacturing and Components, of PSA Peugeot Citroën and Osamu Masuko, President of Mitsubishi Motors Corporation (MMC) have officially laid the first foundation stone of their joint plant in Russia, located at Kaluga, 180km south-west of Moscow.

The ceremony took place in the presence of Mr Anatoli Artamonov, Governor of the region of Kaluga, and several hundred guests.

The joint plant held 70% by PSA Peugeot Citroën and 30% by MMC will start producing mid-range (C segment) models, as of 2011, for Peugeot and Citroën and mid-range SUVs for the 3 brands. These models will be destined for the Russian automobile market.

WARREN, Mich., 04.29.2008 – TI Automotive, a leading supplier to major automotive manufacturers, is expanding its operations in Slovakia to support increased product demand from Hyundai, Kia and PSA Peugeot Citroen.

The company is building a new 15,000-square-foot facility in Trnava, Slovakia, to support brake and fuel line production for PSA Peugeot Citroen.

“The Trnava plant brings us even closer to our customers and to the business opportunities that will provide us with further growth,” said TI Automotive Trnava plant manager Oliver Garaj. "This new location will significantly improve our logistics, enabling us to meet the sequencing requirements of our customers and ensuring that we remain competitive in the global marketplace.”

Tokyo, March 27, 2008 — Mitsubishi Motors Corporation (MMC) announces today that it has decided to transfer production of all EU-bound SUVs it supplies to PSA Peugeot Citroen from its Mizushima Plant (Kurashiki, Okayama Prefecture), where they are currently built, to its European production hub, Netherlands Car B.V. ("NedCar", Born, The Netherlands).

The transfer will be effective as of January 2009.

This decision was driven by MMC's desire to optimize its production capacities according to demand for each model, minimizing missed sales opportunities.

A 100% Mitsubishi Motors facility, NedCar currently builds the European Colt family of compact cars. From August 2008, NedCar will add production of the Outlander SUV.