Meanwhile, Nissan is moving production of its current Navara from its own plant in Thailand to Mitsubishi's factory in that country, to use the same production line as the Triton.
Separately, Nissan will supply Mitsubishi with a rebadged van that will probably replace the Express. In return, Mitsubishi will provide Nissan with an SUV that will go on sale in the Middle East. The two companies recently announced they are jointly developing a new mini car that will probably become the next generation i-MiEV, and are negotiating terms for Nissan to supply upper-end models to Mitsubishi for the Japanese market.
The Japanese automakers already share mini cars and commercial vehicles in Japan, but haven't announced a time period for the moves. The two companies said that deals won't affect their existing partnerships. Nissan has an alliance with Renault, while Mitsubishi shares SUVs and electric cars with Renault rival PSA Peugeot Citroen.
“The cooperation agreement between Nissan and Mitsubishi Motors will be complementary to any agreements the two parties have already established with other partners,” said Nissan and Mitsubishi in an official joint statement.
Nissan president and CEO Carlos Ghosn said the agreement will help Nissan expand in emerging markets, meet overseas demand and grow its mini car business in Japan.
“I believe that the expansion of our OEM agreement will complement each others' regional characteristics and product lineup, and the one-ton pickup and mini car projects will be the best solution to strengthen each others' competitiveness," praised Ghosn.