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April 18, 2008

Nissan and Chrysler Strike Deal for Truck, Car

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AUBURN HILLS, MI Chrysler LLC and Nissan Motor Co., Ltd. recently announced two new agreements for the supply of products between both companies, according to Chrysler. Under an expanded product-sharing alliance, Chrysler LLC will become Nissan's full-sized pickup truck manufacturer, while Nissan will make subcompacts for Chrysler.

In exchange, Chrysler will have a Nissan-based sedan, built at Nissan's Oppama, Japan, factory to Chrysler's own design starting in 2010. The new car is destined for North America, Europe, and other global markets. The small car will be built on a new Nissan platform to an already-completed Chrysler design, according to Chrysler co-President Tom LaSorda.

Chrysler will make the Nissan pickup for Nissan at its Saltillo, Mexico, factory. To make room for the Nissan product, Chrysler will shift Dodge Ram production to its St. Louis North and Warren, Mich., truck plants. Heavy-duty production would likely be shifted to St. Louis North, while light-duty production could be shifted to Warren. The Chrysler-built Nissan pickup will go on sale in North America in 2011.

In January, the two companies announced Nissan would supply Chrysler with a Versa-based sedan for sale in South America starting next year.

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F&I Magazine - April 2008

In This Issue:
Dealers Looking for Answers at NADA Convention, Vehicle Finance Conference Takes On Credit Concerns, F&I in an X&Y World and much more…