Mitsubishi, Peugeot in electric commercial vehicle tie

TOKYO (Reuters) - Mitsubishi Motors Corp and PSA Peugeot Citroen said on Wednesday they have agreed to work together to develop electric vehicle powertrains, initially focusing on light commercial vehicles.

TOKYO (Reuters) - Mitsubishi Motors Corp and PSA Peugeot Citroen said on Wednesday they have agreed to work together to develop electric vehicle powertrains, initially focusing on light commercial vehicles.

"This new step results from continuing discussions between the companies to expand their existing collaboration on electric vehicles," the two car makers said in a joint statement.

Mitsubishi Motors said the deal was aimed at developing a commercial vehicle to be sold by PSA.

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