Peugeot and Mitsubishi Are Not Working Together to Develop Hybrids

Peugeot Citroen has denied rumors they were working with Mitsubishi Motors to develop hybrid cars.

"We deny the information. We are working well with Mitsubishi on electric vehicles," a PSA Peugeot Citroen spokesman told Reuters. He added "we have our own research into plug-in hybrids."

Peugeot has been working with Bosch to build a hybrid diesel and is expected sometime in 2011.