Auburn Hills, Michigan – Chrysler LLC and Nissan Motor Company Ltd. have announced two new agreements for the supply of vehicles between both companies. The agreements will include a new compact car and pickup truck.

Under the agreement, Nissan will manufacture an all-new, fuel-efficient small car, based on a unique Chrysler concept and design. The vehicle will be manufactured at Nissan’s Oppama Plant in Japan and will be sold in North America, Europe and other global markets in 2010.

In return, Chrysler will manufacture a full-size pickup for Nissan, based on a unique Nissan design. The truck will be manufactured at Chrysler’s Saltillo Assembly Plant in Mexico; to accommodate the product, Chrysler will shift volume from Mexico to its U.S.-based assembly plants that produce pickup trucks. The Nissan truck will begin sales in North America in 2011.

This latest agreement extends a longstanding product exchange relationship between the two corporations; Nissan’s affiliate JATCO has supplied Chrysler with transmissions since 2004.

Since the signing of the first OEM agreement in January, which will see Nissan supply Chrysler with a vehicle based on its Versa sedan for limited distribution in South America, the two companies have agreed to maintain an open dialogue to explore further product-sharing opportunities.

Connect with Autos.ca