Nissan and Mitsubishi Fuso to Cooperate on Light-Duty Trucks
Nissan Motor Co., Ltd and Mitsubishi Fuso Truck and Bus Corporation reached a basic agreement regarding reciprocal original equipment manufacturer supply of finished light-duty trucks for the Japanese market.
The agreement is intended to enhance the light-duty truck business of both companies in Japan and is based on the strategic partnership between Daimler AG and Renault-Nissan Alliance announced on April 7, 2010.
The agreement seeks to use both manufacturers’ expertise to further strengthen business with light-duty trucks in Japan. Through economies of scale, the mutual supply of vehicles will help lower development and manufacturing costs. Moreover, efficiency and productivity will be enhanced significantly on both sides.
The arrangement provides for the Fuso Canter light-duty truck (5 tonnes GVW) to be supplied to Nissan. In return, Nissan will make the Atlas F24 light-duty truck (below 5 tonnes GVW) available to Fuso, which will consequently expand the Fuso product range in the future.
Timing and scope of the mutual supply will be specified in a detailed agreement at a later time.
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