Nissan Motor Co and Mitsubishi Motors Corp said they would deepen their operational ties to make better use of their resources as a strong yen makes competing tougher for Japanese automakers.
Nissan and Mitsubishi, Japan’s No 3 and No 6 automakers in 2009, have been working together since 2003. Mitsubishi builds 660cc mini-vehicles under Nissan’s badge in Japan.
Nissan and its 43% owner, Renault, earlier this year joined hands with Daimler to share vehicles and engines.
Under the new agreement, Nissan will provide a light van to Mitsubishi Motors for the Japanese market, while Mitsubishi will supply an SUV to Nissan for sale in West Asia, the companiessaid. Reuters