Outsourced production for cooperation
Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation announced that the two companies have agreed to manufacture the current generation Nissan Navara, a one-ton pickup truck, at Mitsubishi Motors' plant in the Laemchambang Industrial Estate in Thailand. Production is scheduled to commence in 2012. The plant currently manufactures the Strada pickup and Montero Sport SUV for both the export and Thai domestic market.
This new production is part of an agreement signed in December 2010 to expand the scope of cooperation between the two companies. It follows a prior announcement in June 2011 regarding the establishment of the joint venture NMKV Co., Ltd, to develop both companies' minicar business in Japan. This new production agreement is expected to enhance the competitiveness of both companies.