Nissan Motor Co., Ltd and Daimler’s Japanese truck unit Mitsubishi Fuso has reached a memorandum of understanding (MoU) on the mutual supply of light-duty trucks in Japan.
The objective of the OEM supply agreement is to further strengthen the foundation of both companies’ light-duty truck business by leveraging their collective knowledge and expertise.
While the precise details of the deal — aimed at cutting development and manufacturing costs — have still to be worked out, the agreement will see Fuso make available its Canter five-tonne truck to Nissan, while Nissan will supply its Atlas F24 to Fuso, Daimler said.
A formal contract will be concluded in the future that will determine specifics of the OEM supply timing and volumes.
“In order for Nissan to achieve the goals of our mid-term business plan, Nissan Power 88, we must expand our product portfolio and strengthen our light commercial vehicle business.
This is also a central element of our long-term strategy,” said Nissan Chief Operating Officer, Toshiyuki Shiga.