The French Government is influencing that PSA Peugeot Citroen and Renault and to shun Molex, an American electronic connector expert that has approached to be observed in France as the personification of evil Anglo-Saxon capitalism.

While we already know that things are not looking too good for the Eurozone and its various economies, there is something else that needs to be considered - the companies are steadily getting better, in terms of sales, profits market presence.

Japan's Mitsubishi Motors Corp. and France's PSA Peugeot Citroen won't form a capital alliance in the midst of the current indecisive business outlook, but they would keep on talking towards extended business ties, said both the companies in a joint statement on Tuesday.

Two of the world's leading carmakers - French PSA Peugeot Citroen and Japanese Mitsubishi Motors Corp - said on Friday that they have worked out a tie-up for the launch of an electric car in Europe by 2010 end.

French carmaker PSA Peugeot Citroen on Wednesday reported a net loss of €962 million in the first half of the running year as global economic crisis affected the car sales adversely.

Europe's second-largest carmaker, PSA Peugeot Citroen believes that European car market will not be able to take a U-turn before the end of next year.