Mitsubishi will build 500,000 compact sedans annually for FIAT-Chrysler at one of its plants in Thailand, all of which are destined for Asian markets, the Japanese newspaper Nikkei reports.
Deliveries are scheduled to begin in 2015, although an official announcement will be made early next week. The deal will allow FIAT-Chrysler to expand its product portfolio and regain some lost ground in Asia.
Mitsubishi and Chrysler once teamed up in the mid-'80s, but the former neglected to make critical recalls in the early 2000s, which led to a major scandal and put an abrupt end to the relationship.
Things have changed since then, and Mitsubishi has been able to secure partnerships with a number of automakers including Renault, PSA, and Nissan.
Source: Libération.fr
Deliveries are scheduled to begin in 2015, although an official announcement will be made early next week. The deal will allow FIAT-Chrysler to expand its product portfolio and regain some lost ground in Asia.
Mitsubishi and Chrysler once teamed up in the mid-'80s, but the former neglected to make critical recalls in the early 2000s, which led to a major scandal and put an abrupt end to the relationship.
Things have changed since then, and Mitsubishi has been able to secure partnerships with a number of automakers including Renault, PSA, and Nissan.
Source: Libération.fr