Daimler strengthens its truck business in Japan: Fuso and Nissan cooperate on light-duty trucks
29 June 2012
Daimler subsidiary Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and the Nissan Motor Co., Ltd. have reached a Memorandum of understanding (MoU) on the mutual supply of light-duty trucks. The basis for this agreement is the strategic partnership between Daimler AG and the Renault-Nissan Alliance. (Earlier post.)
The agreement seeks to use both manufacturers’ expertise to further strengthen business with light-duty trucks in Japan. Through economies of scale, the mutual supply of vehicles will help lower development and manufacturing costs while enhancing efficiency and productivity.
The arrangement provides for the Fuso Canter light-duty truck (5 tonnes GVW) to be supplied to Nissan. In return, Nissan will make the Atlas F24 light-duty truck (below 5 tonnes GVW) available to Fuso, which will consequently expand the Fuso product range in the future. Timing and scope of the mutual supply will be specified in a detailed agreement at a later time.