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October 22, 2006
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Sunday
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Ramazan 28, 1427
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Nissan, Suzuki joint production
TOKYO, Oct 21: Japanese carmakers Nissan and Suzuki are considering joint production in Russia and Brazil to expand their ties in emerging markets, a press report said Friday.
The two firms had already agreed in June that they would mutually supply vehicles to the domestic market and that Suzuki would produce small vehicles in India for Nissan from 2008.
They are now discussing the idea of Nissan Motor Co producing Suzuki-brand vehicles at a new 200-million dollar Nissan plant in St. Petersburg, Russia, the Nihon Keizai Shimbun reported.
The plant, due to start up in 2009, is expected to have an annual capacity of 50,000 units and make at least three midsize models equipped with two-liter and larger engines, the leading business daily said.—AFP
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