Porsche has one. Mercedes-Benz has one. Even Mazda and GM Australia's Holden have one. And now Mitsubishi gets its own Black edition model as well – at least for the UK market.

The ASX Black Edition is Mitsubishi's newest offering in Britain, with the crossover being available for order now.

The black designation in the special edition ASX's name is justified on the outside by the satin black styling kit which includes black 17-inch alloy wheels, roof, spoiler, mirrors, grille and fog lamp bezels, and on the inside, by a black leather kit featuring carbon fibre inserts.

While there's not much going on in the product front for Mitsubishi, the Japanese automaker continues the development of new powertrains and their related technologies.

Today, Mitsubishi released the first details on its next generation 1.8-liter gasoline engine codenamed "4J10" that incorporates a new version of the company's MIVEC variable valve timing system as well as the introductions of a new Auto Stop & Go (AS&G) idle-stop technology.

Is it sibling rivalry or pure coincidence? No matter: the PSA Peugeot Citroen Group unveiled today not one but two compact crossovers: the Peugeot 4008 and the Citroen C4 Aircross.

Both models are based on the Mitsubishi ASX and were created as part of an OEM agreement between the French automaker and it’s Japanese counterpart.

The differences between the two French models are purely cosmetic, with each variant featuring bespoke front and rear ends along with some other signature styling traits such as the Citroen's C-column trim.

French carmaker Peugeot has revealed its entry in the compact SUV / crossover segment, the new 4008 that will make its world premiere at the Geneva Motor Show next March before it goes on sale in the second quarter of 2012.

Positioned under the larger 3008 and 4007 in Peugeot's lineup, the 4008 (previously thought to be named 2008) is based on the Mitsubishi ASX, which you may also know as the Outlander Sport in the USA, and RVR in Japan and Canada. The PSA Peugeot-Citroën group had announced the agreement with Mitsubishi in early 2010.

It's been over a year since the PSA Peugeot-Citroën group announced an agreement with Mitsubishi to develop and adapt the Japanese company's ASX small crossover for its two brands in Europe and possibly other markets down the road.

Now, our spy photographers have captured the Peugeot-branded version of the Mitsubishi ASX, which is also called the Outlander Sport in the USA, and RVR in Japan and Canada, while testing in Europe. From what we understand and judging by the firm's current naming literature, the Peugeot model will carry the 2008 moniker.