ABC Finance

DETROIT – Nissan Motor Co. said Monday it will make a new small car designed by Chrysler LLC and Chrysler will make a full-size pickup truck designed by Nissan.

Both products will be sold in North America, and the new Chrysler small car will also be sold in Europe and other global markets starting in 2010.

The new Chrysler small car will be made at Nissan’s Oppama plant in Japan. Chrysler will make the pickup truck at its plant in Saltillo, Mexico, and it will go on sale in 2011, the companies said.

To clear room to build the Nissan pickup in Saltillo, Chrysler will shift production of its own pickup trucks from Mexico to U.S.-based pickup factories, the companies said in a statement. One of Chrysler’s other pickup plants is in Fenton. The company did not say which U.S. plant would pick up the additional work.
"Forging the right tactical partnerships is critical to the long-term success of Chrysler," Chrysler President and Vice Chairman Tom LaSorda said in the statement.

The agreement is part of a growing relationship between Chrysler and the No payday advance low fees. 3 Japanese automaker. In January the two companies announced a deal for Nissan supply versions of its Versa subcompact for Chrysler to sell in undisclosed parts of South America. No specific terms were announced.

Under the new deal, both the Chrysler small car built by Nissan and the pickup truck built by Chrysler will be unique designs.

Chrysler has been desperate for a small car in North America as high fuel prices send consumers away from its trucks and sport utility vehicles to more fuel-efficient models.

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