#PsaPeugeotCitroen

French automotive conglomerate Groupe PSA, which owns Peugeot, Citroen and Opel/Vauxhall, are giving the US market a serious look. 

General Motors has announced that it is selling its remaining seven-percent stake in PSA Peugeot Citroen today.

For us North Americans, the Peugeot 205 GTi has little or no significance, especially since it was never sold here and the last Pug we could get our hands on was the 405 Mi16 back in 1992.

German car firm BMW is well known for its technological innovations, and the company won’t be caught resting on its laurels.

General Motors and PSA Peugeot Citroën inked a deal yesterday that will see the companies partnering to further their interests in Europe.

We’ve already got the Renault/Nissan Alliance, so why not a General Motors/ PSA Peugeot-Citroen one? Well according to PSA Chief Executive Philippe Varin that might just be a possibility, at least from a manufacturing standpoint.

World War II jokes aside, the French and the Germans are joining forces this time…and for powers of good. BMW and PSA Peugeot Citroën plan to invest 100 million Euros and the efforts of 400 employees into developing hybrid technology, to be shared by both brands.

“This cooperation will deliver a major contribution towards a competitive cost structure in the field of electrification. It also represents another important step on the road to sustainable mobility,” said Norbert Reithofer, Chairman of the Board of Management of BMW AG.

Official release after the jump:

PSA Peugeot Citroen is the first automaker to publicly stand up to the Chinese government’s proposed Green Car Plan. Recently an initial draft of a new piece of Chinese government legislation was leaked in which was revealed plans by the world’s largest auto market to strong arm international auotmakers into sharing their hybrid and electric vehicle technology with Chinese partners.

A little over a month after the new Outlander Sport SUV (known as the ASX or RVR in the rest of the world) took a bow at the New York Auto Show, Mitsubishi has announced that it will be giving a variation of the sharp-looking crossover to Peugeot and Citroen, two companies which have had a long alliance with the Japanese automaker.

The Peugeot/Citroen variant will come with a very European 1.6-liter diesel engine, and the choice of either front or four-wheel-drive. Expected to launch in 2012, Peugeot and Citroen expect to move a combined 50,000 units per year, with the companies forecasting a 60% growth in SUV sales by 2015. While Europe is not usually thought of as hot spot for SUVs, compact crossovers (like this small, diesel powered model) are a hit and the ASX could potentially be a popular vehicle for locales with tight, winding streets and high fuel prices.

Official release after the jump:

BMW and French automaker Peugeot Citroen have signed a new agreement to work together to develop a new generation of improved 4-cylinder engines. The new powerplants will be used in BMW’s MINI lineup as well as in Peugeot’s 207 and Citroen’s C3 Picaso.

Europe’s second largest automaker, French company PSA Peugeot Citroen, is considering purchasing Japanese automaker Mitsubishi Motors. News of the possible purchase comes from Nikkei English News, and had Mitsubishi’s shares up 13.4 percent in overseas trading.