Mitsubishi Fuso and Nissan Agree on Van OEM Supply for Export
Kawasaki/Yokohama - Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Nissan Motor Co., Ltd. (Nissan) today reached a basic agreement regarding original equipment manufacturer (OEM) supply of finished commercial vans for export. The agreement is based on the strategic partnership between Daimler AG and Renault-Nissan Alliance announced on April 7, 2010.
The basic OEM supply agreement is as follows:
||Nissan to supply the “NV350 Urvan” to Mitsubishi Fuso.
A formal contract will be concluded in the future that will determine specifics of the OEM supply timing and volumes.
MFTBC and Nissan is already running a strategic OEM supply which includes, Mitsubishi Fuso’s supply of Canter light-duty truck (payload: 2.0 tons) to Nissan, and Nissan’s supply of Atlas F24 light-duty truck (payload 1.5 tons) to Mitsubishi Fuso.
Dr. Wolfgang Bernhard, Member of the Board of Management of Daimler AG and Head of Daimler Trucks, said: “Today’s announcement supports our efforts to further grow the Asian business of Daimler Trucks. It is also another example of our excellent cooperation with Nissan in the commercial vehicles sector."
Dr. Albert Kirchmann, MFTBC President & CEO, said: “The agreement today is a next successful step after our mutual supply of light-duty trucks already running in Japan and represents a second real synergy taking place under the strategic partnership by Daimler AG and Renault-Nissan Alliance. We will be starting the sale of commercial vans first time in our history, and for FUSO, this will not only mean an expansion of our already robust global product portfolio, but is also a sign of our commitment to continually enhance our business solutions for our customers.”
Mr. Toshiyuki Shiga, Nissan Chief Operating Officer, said: “We are delighted that we will be able to supply NV350 in addition to reciprocal OEM supply of Atlas F24 and Canter that is going on track. We hope this will lead to improved production efficiency in Japan.”
Based in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia's leading commercial vehicle manufacturers. In 2012, the company sold a total of about 174,000 vehicles including light-, medium- and heavy-duty trucks and buses. Daimler AG owns 89.29% of MFTBC shares and various Mitsubishi group companies own 10.71% of MFTBC shares. MFTBC is an integral part of the Daimler Trucks Division of Daimler AG.
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