15.04.2008
Chrysler and Nissan Confirm New OEM Product AgreementsCar News /
AUBURN HILLS, Michigan and TOKYO, April 14 -- Chrysler LLC and Nissan Motor Co., Ltd., today announced two newagreements for the supply of products between both companies. In January,Nissan agreed to supply Chrysler with a new automobile based on the Nissan Versasedan for limited distribution in South America on an Original EquipmentManufacture (OEM) basis in 2009. This new OEM exchange benefits both companies through range extensionandthe utilization of global manufacturing capacity. Highlights of the newagreement: Nissan will manufacture an all-new, fuel-efficient small automobile based on aunique Chrysler concept and design. This new segment entry for Chryslerwillbe sold in North America, Europe and other global markets in 2010, andmanufactured at Nissan"s Oppama Plant in Japan. Chrysler will manufacture a full-size pickup for Nissan. Based on aNissan unique design, this truck will be manufactured at Chrysler"sSaltillo(Mexico) Assembly Plant. In order to accommodate this product, Chryslerwillshift volume from Mexico to its U.S.-based assembly plants that producepickup trucks. Sales of the pickup in North America will start in 2011. This latest OEM supply agreement extends a long standing productexchangerelationship between the two corporations, with Nissan affiliate JATCOalready supplying Chrysler with transmissions since 2004. "Forging the right tactical partnerships is critical to the long-termsuccess of Chrysler," said Tom LaSorda, Chrysler LLC President and ViceChairman. "It also builds on the Company"s inherent strengths, includingtheability to respond rapidly and creatively to emerging opportunities." "In January, we said we would continue to look for additional OEMopportunities with Chrysler," said Carlos Tavares, Executive VicePresident,Nissan Motor Company. "This latest agreement builds on Nissan"s proventrackrecord to deliver win-win product exchanges with multiple manufacturersaround the world," continued Tavares. Since the signing of the first OEM agreement in January, the twocompanies have also agreed to maintain an open dialogue to explore furtherproduct-sharing opportunities. CONFERENCE CALL WITH TOM LASORDA, CHRYSLER LLC PRESIDENT AND VICECHAIRMAN, SCHEDULED Chrysler LLC will conduct a media/analyst conference call with TomLaSorda today, April 14. Details for the call: -- Monday, April 14, 2008, 6:30 p.m. EDT -- Call-in number for U.S.: +1-888-677-1046 -- Password: Chrysler -- Call-in number for outside the U.S.: +1-773-756-0415 -- Leader: Lori McTavish -- Replay of the conference call for U.S.: +1-800-925-2964 -- Replay of the conference call for outside the U.S.: +1-203-369-3519Chrysler LLC, headquartered in Auburn Hills, Mich., produces Chrysler,Jeep(R), Dodge and Mopar(R) brand vehicles and products. Its product lineupfeatures some of the world"s most recognizable vehicles, including theChrysler 300, Jeep Wrangler and Dodge Charger. The Chrysler Foundation -theprimary source of charitable grants made by Chrysler - annually supportshundreds of charitable organizations with an emphasis on community growthandenrichment, education, arts and culture, public policy, youth developmentanddisaster relief programs throughout the United States and, increasingly,theworld. Chrysler is a unit of Cerberus Capital Management. Nissan Motor Company generated global net revenues of 10.468 trillionyenin 2006. Nissan is present in all major global auto markets selling acomprehensive range of cars, pickup trucks, SUVs and light commercialvehicles under the Nissan and Infiniti brands. Nissan employs 224,000peopleworldwide. Under the Nissan Value-Up business plan, the company continues to focuson long-term sustainable and profitable growth driven by threecommitments: - To maintain top level of operating profit margin among global automakers - To achieve global sales of 4.2 million units in 2009 - 20% return on invested capital on average over the course of the plan Web site: http://www.chrysler.com http://media.chrysler.com
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This past March at the Geneva Motor Show, the Swedish super car company Keonigsegg revealed the NLV Quant electric sedan. Well now it is the exotic Italian coachbuilder Bugatti’s turn, and Ettore’s original brand has done quite an impressive job on the all new Bugatti 16 C Galibier concept that was unveiled this past weekend in Molsheim. According to the automaker the upcoming super car will become "the most exclusive, elegant, and powerful four door automobile in the world."
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