Nissan, Suzuki to expand cooperation
Ap, Tokyo
Nissan will supply pickup trucks for Suzuki to sell in North America in an expansion of the Japanese automakers' business cooperation that includes mutually supplying vehicles and sharing plants, both sides said Friday.Nissan Motor Co. and Suzuki Motor Corp. already have a partnership, in which Suzuki provides Nissan minicars, mainly for the Japanese market, to be sold under the Nissan brand. Under the latest deal, Nissan will supply Suzuki a pickup truck from 2008 for the North American market, while Suzuki will supply a small car for Nissan to sell under the Nissan brand in Europe, they said in a statement. Starting from the end of this year, Nissan will supply a minivan to Suzuki, and Suzuki will supply an additional minicar model to Nissan, both for the Japanese market, they said. Nissan does not make its own minivehicles, which have engines of up to 0.66 liters and get tax breaks in Japan. Minicar sales have been booming lately in Japan while the overall auto market here has remained flat. Nissan, which has an alliance with Renault SA of France, and Suzuki, a Japanese automaker that specializes in minicars, will also share production facilities in emerging markets, and that will start at Suzuki's plant in India, they said. In the past, Suzuki has had such supply agreements with U.S. automaker General Motors Corp. But those ties have loosened recently after GM sold 17 percent of Suzuki in April for about $2 billion, leaving it with a 3 percent stake.
|
|