The French and the Japanese have gotten together to form a magic partnership once already with Carlos Ghosn at the helm. The question is, then, can that success be replicated? PSA Peugeot-Citroën seems to hope so, and it is reportedly on the verge of purchasing a controlling stake (somewhere between 30 and 53 percent, depending on the report) in Jeremy Korzeniewski
Call it a sign of the times - Mitsubishi is about to close its Mitsubishi Research and Design of America (MRDA) campus in Cypress, California. While the closure affects "only" 60 employees, it seems to be one more step out the American door for this Japanese automaker. Moe Durand, a spokesman for Mitsubishi Motors North America said, "it's a reflection of what is going on in the auto industry right now and the economy as a whole." He added that all design work will now be handled in Japan.