Nissan & Chrysler End Their Partnership — Three Cars Goin’ Down

Miscellaneous | Dean | August 27, 2009 at 13:53

Nissan and Chrysler have released a statement that announces the death of their agreement to produce various vehicles. We will see the demise of the Titan pickup, the Dodge Ram and a new small car version of the Nissan Tiida for Chrysler.

It was said that the blame is shifted towards the “significant changes in business conditions”, or put simply, the condition of Chrysler.

PRESS RELEASE

The following is a joint statement from Nissan and Chrysler
Nissan and Chrysler today announced a mutual agreement to end three OEM vehicle-supply projects announced last year.

For the past several months, teams from both companies have been studying the viability of the projects in light of significant changes in business conditions since the projects were announced in January and April of 2008.

Today, it was decided it was in the best interests of both companies to end the projects.

The projects had involved:

1. Nissan providing to Chrysler a compact sedan for the South American market beginning this year.
2. Nissan providing to Chrysler a small vehicle for global markets beginning in 2010.
3. Chrysler providing to Nissan a full-size pickup truck starting in 2011.

A separate agreement involving the supply of transmissions from Nissan affiliate JATCO to Chrysler remains unchanged. That agreement has been in effect since 2004.