CHICAGO - Chrysler LLC and Japan`s Nissan Motor Co. said Monday they will expand their current partnership to include the production of vehicles to be sold in North America, Europe and other global markets.
Nissan will manufacture a small, fuel-efficient car designed by Chrysler in its Oppama plant in Japan. It is expected to hit North American, European and other global markets in 2010.
Chrysler will manufacture a full-sized pickup truck designed by Nissan at its Saltillo plant in Mexico with sales expected to begin in North America in 2011.
This latest agreement follows a deal reached in January for Nissan to build a new sedan for Chrysler to be sold in South America.
Financial terms were not disclosed.
"In January, we said we would continue to look for additional OEM opportunities with Chrysler," said Carlos Tavares, executive vice president of Nissan Motor Company.
"This latest agreement builds on Nissan`s proven track record to deliver win-win product exchanges with multiple manufacturers around the world."
The two automakers also agreed to "maintain an open dialogue to explore further product-sharing opportunities," the companies said in a joint statement.
mso/ksh
04/14/2008 22:53 GMT