Nissan and Chrysler have both released statements saying that they have mutually decided to end their plans to produce three vehicles for one another.
“For the past several months, teams from both companies have been studying the viability of the projects in light of significant changes in business conditions since the projects were announced in January and April of 2008,” both automakers said in a joint statement.
The projects that will come to an end include:
1. Nissan providing Chrysler a compact sedan for the South American market.
2. Nissan providing Chrysler a small vehicle based on the Versa for global markets.
3. Chrysler providing Nissan a version of the full-sized Titan based on the Dodge Ram.
A separate agreement involving the supply of transmissions from Nissan affiliate JATCO to Chrysler remains unchanged.
– By: Omar Rana