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Mitsubishi Motors and PSA Peugeot Citroen Enter Diesel Engine Supply Agreement

Mitsubishi Motors Corporation and PSA Peugeot Citroen announced today that they have signed an agreement under which Mitsubishi Motors will be supplied with diesel engines by PSA Peugeot Citroen in a new collaborative agreement.

Under this agreement PSA Peugeot Citroen will start supplying Mitsubishi Motors with its state-of-the-art 2.2l common-rail, direct-injection diesel engine from mid 2007. This engine will also be fitted with a PSA Peugeot Citroen patented particulate filter to deliver outstanding environmental performance.

Mitsubishi Motors is to introduce its new SUV model, the Outlander in Europe this month, and towards the end of 2007, will add a new diesel version powered by the 2.2l PSA Peugeot Citroen diesel engine. The Peugeot 4007 and Citroen C-Crosser will benefit from this 2.2l engine upon their commercial launch, i.e. mid- 2007.

In July 2005, the two companies decided to join forces and work on an SUV-type 4WD vehicle for PSA Peugeot Citroen based on a new platform already under development at MMC. This new agreement, which was not in the original scheme of the partnership, means that the two companies extend their operational ties into the field of component supply. This highlights the good relationship of the two groups.

Mitsubishi Motors and PSA Peugeot Citroen will pursue their cooperation strategy in "win-win" areas.

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