Author: Automotive News Breaking News Feed

PSA has spent years watching rivals find great success outside of Europe. Now both PSA and France must find a way — if there is one — to compete globally. In PSA’s case, the company’s future is at stake.

Following big price cuts by other automakers to stoke demand for electric cars, Mitsubishi said it will reduce the sticker price of its slow-selling i-MiEV electric car by 20 percent for its upcoming model year.