As part of its goal to reduce dependence on mature markets, PSA/Peugeot-Citroen is developing two new models for emerging countries. French newspaper Les Echos reported last Friday that the two new models are an entry-level small car known internally as "global small" for markets, including China and Latin America, and a larger sedan that would be produced in Spain.
A confirmation was provided by a PSA spokesman but he declined to provide any details on volume targets or timescale.
Les Echos also revealed that Japanese partner Mitsubishi Motor Corp. leads the development of the small car and that it would be sold in several continents and could be built in Japan, Thailand, India, Latin America or China.
Its launch date has yet to be disclosed. The PSA spokesman said that PSA/Peugeot-Citroen and Mitsubishi have yet to enter a deal on the idea of an expanded partnership in March, which was set to include a capital exchange.
He also said that the two parties are talking about working together on more projects. Les Echos also said that the M3-M4, the moniker for the mid-sized sedan, would be produced in PSA's Vigo plant in Spain.
The PSA spokesman also confirmed the information that Les Echos provided about the car's name and size. [via autonews - sub. required]