Business » Companies
Author`s name Alex Naumov

Nissan to flood South America with Versa compact cars

Nissan Motor Co., will supply cars to Chrysler LLC to sell in South America, as the U.S. carmaker seeks to expand its product range while holding down investment costs.

The agreement calls for Tokyo-based Nissan to make a version of the Versa compact car for Chrysler starting in 2009, Nissan said in an e-mailed statement today. Financial terms weren't disclosed, Bloomberg reports.

Nissan Motor Company is a Japanese automobile manufacturer, which formerly marketed vehicles under the Datsun brand name and is one of the largest car manufacturers.

The company's main offices are located in the Ginza area of Chūō-ku, Tokyo with disassembling by 2013, but Nissan plans to move their headquarters to Yokohama, Kanagawa by 2010, with construction starting in 2007. In 1999, Nissan entered an alliance with Renault S.A. of France. Nissan is among the top three Asian rivals of the "big three" in the U.S. Currently they are the third largest Japanese car manufacturer.

The Nissan VQ engines, of V6 configuration, have featured among Ward's 10 Best Engines for 12 straight years, since the award's inception.

Chrysler LLC is an American automobile manufacturer that has been producing automobiles since 1925 and from 1914 under the Dodge name. From 1998 to 2007, Chrysler and its subsidiaries were part of the German based DaimlerChrysler (now Daimler AG) after an arduous deal falsely sold to stakeholders as a "Merger of Equals" in 1998. Prior to 1998, Chrysler Corporation traded under the "C" symbol on the NYSE. Under DaimlerChrysler, the company was named "DaimlerChrysler Motors Company LLC", with its U.S. operations generally referred to as the "Chrysler Group".

On May 14, 2007 DaimlerChrysler AG announced the sale of 80.1% of Chrysler Group to American equity firm Cerberus Capital Management, L.P., although Daimler continues to hold a 19.9% stake. Chrysler LLC is the new name. The deal was finalized on August 3, 2007.

Comments
Capitalism reduced Indonesian cities to infested carcases
Tel Aviv, Jerusalem, capitals and puppets
Tel Aviv, Jerusalem, capitals and puppets
US-led coalition killed more than 9,000 people in Syria since 2014
US-led coalition killed more than 9,000 people in Syria since 2014
US-led coalition killed more than 9,000 people in Syria since 2014
Turkish President Erdogan issues ultimatum to Washington and Brussels
Capitalism reduced Indonesian cities to infested carcases
Russian special services detain Hizb ut-Tahrir members in Crimea
Donbass without militia will be worse than Srebrenica - Putin
Russian scientists find a way to look inside black holes
Russia not pulling out from any international agreements, Putin says
Tel Aviv, Jerusalem, capitals and puppets
Tel Aviv, Jerusalem, capitals and puppets
Tel Aviv, Jerusalem, capitals and puppets
North Korea is not a threat to the US
Russia's S-500 Prometey to nail USA's THAAD to the wall
Putin: Russia will continue spending enough on defence not to be killed
Russia leaves Syria, but USA stays, to spend some more
100th anniversary of Great October Revolution: Celebrating mountain of errors
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision