Tuesday, April 15, 2008

Chrysler and Nissan confirm new OEM product agreements

Chrysler LLC and Nissan Motor Co., Ltd., yesterday announced two new agreements for the supply of products between both companies. In January, Nissan agreed to supply Chrysler with a new car based on the Nissan Versa saloon for limited distribution in South America in 2009.

Nissan will now also manufacture an all-new small car based on a Chrysler design. This new segment entry for Chrysler will be sold in North America, Europe and other markets in 2010, and manufactured at Nissan's Oppama plant in Japan.

In turn, Chrysler will manufacture a full-size pickup for Nissan. Based on a Nissan design, this truck will be manufactured at Chrysler's Saltillo (Mexico) Assembly Plant. In order to accommodate this product, Chrysler will shift volume from Mexico to its U.S. pickup plants. Sales of the pickup in North America will start in 2011.

This latest OEM supply agreement extends a long standing product exchange relationship; Nissan affiliate JATCO has been supplying Chrysler with transmissions since 2004.

- Chrysler's new dual-clutch transmission - developed with Getrag - makes its debut this spring in international markets on the 2009 Dodge Journey, the 2009 Dodge Avenger and the 2009 Chrysler Sebring. It will provide a 6% fuel economy improvement and CO2 emissions reduction.

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