Bill Penney Mitsubishi

French automaker Peugeot, also known for producing Citroen vehicles, and Japan's Mitsubishi Motors said Wednesday they had signed an agreement to develop light commercial electric vehicles.

Both car companies said they will "begin technical development of electric versions of the Peugeot Partner combi-van and the Citroen Berlingo, with the aim of beginning production by the end of 2012."

Earlier this year the companies scrapped an ambitious capital tie-up that would have created the world

We all know you can't wait to test drive new Mitsubishi models like the iMiEV or Outlander. But maybe you can't get to your local Mitsubishi dealer. The auto maker has solved this issue by giving possible buyers a chance to test drive online.

The test drive begins November 2nd and continues through the end of the month. For now, this test drive will consist of a virtual tour of the 2011 Outlander

The Mitsubishi Montero hasn't been the biggest deal in the United States. But over seas fans of the Japanese auto maker love the smaller SUV for it's durability and agility on the road.

The 3.2L engine has been made BSIV (India's Environmental regulations) compliant by adding a new catalytic converter and swirl control bulb addition.

Mitsubishi is working on an all new lithium-ion battery pack. This updated power plan is so resourceful yet inexpensive that it could slash the price of future electric vehicle ownership by the Japanese auto maker. How much will you save? Upwards of 75%.

So how do you only pay for 25% of the rechargeable battery powerplant in your new hybrid car? Simple: split the cost three ways.

The idea came from Mitsubishi - and is pretty…