General Motors Co. and Nissan announced the companies have signed an agreement
for Nissan to produce a small cargo vehicle that GM will sell in the United
States and Canada.
According to a release, GM will procure the vehicle from Nissan and distribute it through the Chevrolet dealer network. GM expects the Chevrolet City Express, based on the Nissan NV200, to be available for sale in the fall of 2014.
"Our fleet customers have asked us for an entry in the commercial small van segment, so this addition to the Chevrolet portfolio will strengthen our position with fleets and our commercial customers," said Ed Peper, U.S. vice president of GM Fleet and Commercial Sales.
Joe Castelli, Nissan vice president, commercial vehicles and fleet added, "Working with partners to expand markets for our innovative products enhances Nissan's growth and manufacturing efficiency by leveraging our capacity to meet growing demand in this space."
Nissan currently sells a version of the vehicle as the NV200 in numerous markets globally, including the United States and Canada. The Nissan NV200, a spacious-yet-compact commercial vehicle, is a previous winner of the International Van of the Year Award. Cost of ownership for the vehicle is among the lowest in the class due to low running costs, the high efficiency of the engines and drivetrains and a safety structure that helps to minimize crash damage.
The price of the Chevrolet City Express will be announced later.
Most Popular Stories
- Cape Cod Building Mussel Industry
- Hollywood Eager to Grasp Hispanic Market
- Frightfully Fun Films Return for Halloween
- Would Soccer Be Richer Without Small Clubs?
- Sears Denies Store Closings, Layoffs Report
- Cloud Lifts Microsoft's Quarterly Results
- IS Funded by Black Market Oil Sales, Racketeering
- Weekly Jobless Claims Rise but Remain Low
- Pfizer Approves $11 Billion Buyback Plan
- Microsoft Beats Income Expectations