Nissan and Suzuki to Trade Vehicles
June 3rd, 2006
Confirming rumors circulated earlier this week, Nissan Motor and Suzuki Motor announced Friday that they will expand their current collaboration agreement worldwide, including an increased rebadging of each other’s vehicles and joint operation of manufacturing facilities in emerging markets. The new agreement was announced by Nissan COO Toshiyuki Shiga and Suzuki President and COO Hiroshi Tsuda at a Tokyo press conference (right).
According to Reuters, the new move is seen as an indication that Nissan may take an equity stake in Suzuki, now that General Motors has sold off most of its Suzuki shares.