Chrysler and Nissan in Production Deal

Chrysler LLC and Nissan of Japan took the first step toward a possible broader alliance Friday, reaching agreement for Nissan to supply Chrysler with a small car to be sold in South America.

The car, based on the Nissan Versa, a subcompact, would be sold under “limited distribution” beginning in 2009, the companies said in a statement.

And the two companies said they agreed to “maintain an open dialogue to explore further product-sharing opportunities.”

The modest agreement resulted from discussions that have been underway for months, even before Chrysler was sold to Cerberus Capital Management, a private equity firm, in August.

Read Full Article from New York Times

- Posted: 2008-01-11 10:57:16

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