Nissan to Build Chrysler a Small Car for South America
January 11, 2008

Chrysler LLC and Nissan Motor Co., Ltd. announced Friday they have signed an agreement for Nissan to supply Chrysler with a new car -- one based on the Nissan Versa sedan -- for limited distribution in South America beginning 2009.

The two companies have also agreed "to maintain an open dialogue to explore further product-sharing opportunities," the automakers said in a statement.

"This kind of tactical partnership allows us to maximize product offerings yet minimize costly investments, such as new plant infrastructure, tooling and R&D," Chrysler LLC President and Vice Chairman Tom LaSorda in a statement. "This partnership will give Chrysler nearly immediate access to vehicle segments in which we do not currently compete."

The agreement is the second product exchange between the two corporations, with Nissan affiliate JATCO already supplying Chrysler with transmissions since 2004. 

“Nissan has a successful track-record of win-win product exchanges and we are pleased to be entering into this second agreement with Chrysler,” said Carlos Tavares, Executive Vice President, Nissan Motor Company, in the joint statement.

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