Mitsubishi and PSA Joint Ventrue in Russia

Mitsubishi and PSA Peugeot-Citroen announced today they will set up a joint venture in Russia to produce cars starting in 2011.

The factory in Kaluga will produce a midrange SUV for all three brands, and a midsize vehicles for Peugeot and Citroen.

Mitsubishi Motors builds 4X4 vehicles such as the C-Crosser and Peugeot 4007 under an existing agreement with PSA Peugeot-Citroen.
Source: Autonews.com (subscription required)