Tokyo (Apr. 3, 2007) -- Nissan Motor Co., Ltd., and Mitsubishi Motors Corp. today announced that they have agreed to expand their current business collaboration by enhancing the OEM (Original Equipment Manufacturing) contract scope.
Under the expanded OEM agreement, Mitsubishi will supply Nissan with the “TOWNBOX” minicar at a volume of 4,000 units per year. Nissan will supply Mitsubishi with the “AD and AD Expert” light commercial vehicles (LCV), at a volume of 3,000 units per year.
Mitsubishi has supplied Nissan with the “Clipper” (the Mitsubishi “Minicab”) LCV and the “Otti” (Mitsubishi “eK Wagon”) minicar, but this is the first time for Nissan to supply vehicles to Mitsubishi.
The agreement will allow both companies to improve productivity through expanded economies of scale, and offer their respective customers a wider range of products.
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