Nissan to review Chrysler agreement
May 1st, 2009 by Bill Cawthon
Nissan Motor Company has announced it will be reviewing its vehicle supply agreement with Chrysler LLC. The announcement comes a day after the American automaker filed for bankruptcy protection and finalized an alliance agreement with Fiat SpA.
The 2008 agreement covered the production of a small car for Chrysler in exchange for a new full-size pickup to replace the slow-selling Nissan Titan.
In February, Nissan said it was revisiting the benefits of the agreement after light vehicle sales plunged, requiring production and staffing cuts.
Mitsubishi will also discontinue buying the Raider pickup from Chrysler after the 2010 model year. However, this decision was based on slow sales.
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