Nissan, Chrysler agree to share products

Chrysler LLC and Nissan Motor Co. announced a blockbuster partnership Monday to assemble cars and pickups for each other in a deal that draws on each automaker's expertise and perhaps sets up the companies for a much deeper relationship down the road.
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Nissan will build small cars for Chrysler to sell and Chrysler will make pickups for Nissan under a deal announced by both companies late Monday afternoon.

Analysts saw the moves as a potential big step toward adding Chrysler to the Renault-Nissan alliance, but the companies downplayed that scenario. Carlos Ghosn, the chief executive of both Renault and Nissan, has long said he wants a North American partner.

Read Full Article from Detroit Free Press

- Posted: 2008-04-15 08:32:59

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