CORRECTED – FACTBOX-Key tie-ups between major automakers

(Corrects the Reuters Instrument Code for Mitsubishi Motors in
ninth paragraph of story transmitted on March 23, adds new
details in seventh paragraph)

March 23 (BestGrowthStock) – Nissan Motor Co (7201.T: ) is in talks
with Daimler AG (DAIGn.DE: ) to procure large engines from the
German group, the Nikkei business daily said on Tuesday.
[ID:nLSGE62L0JV]

Here is a list of key strategic tie-ups between major
automakers in the last decade:

Oct. 2002 – General Motors Corp [GM.UL] and Ford Motor Co
(F.N: ) joined forces in an unprecedented alliance to develop a
new 6-speed transmission. GM and Ford agreed to share a common
design, engineering and testing of the transmission.

Feb. 2004 – Mazda Motor Corp (7261.T: ) announced a tie-up
with Toyota Motor Corp (7203.T: ) in the telematics field.
Telematics services provide updated information on traffic
conditions and other services via terminals similar to car
navigation systems.

Oct. 2005 – Ford Motor Co and PSA Peugeot Citroen (PEUP.PA: )
announced a plan to invest 332 million euros ($447.6 million) in
two new diesel engines. They expect to make 200,000 of each new
engine annually at plants in Britain and France, with total
diesel engine production under the plan to hit 3.7 million in
2010.

Nov. 2005 – Ford and Fiat (FIA.MI: ) signed a deal to develop
a platform for small cars in Europe. The two vehicles are a new
Fiat 500 and a replacement for the Ka in Europe, with much of
the work handled by Fiat’s plant in Poland.

Dec. 2005 – Fuji Heavy Industries Ltd (7270.T: ), the maker of
Subaru cars, dissolves tie-up with 20 percent owner General
Motors. Toyota Motor buys park of the stake held by GM.
Jan. 2006 – DaimlerChrysler and Volkswagen (VOWG_p.DE: )
reached an agreement under which U.S.-based Chrysler [CCMLPC.UL]
will manufacture minivans for the German rival.

Feb. 2006 – Malaysian carmaker Proton and Japan’s Mitsubishi
Motors Corp. (7211.T: ) revived their old alliance. The
partnership with MMC, a former Proton shareholder that helped
the state-controlled firm make its first cars two decades ago,
will be restricted to technology.

Aug. 2006 – GM, BMW (BMWG.DE: ) and DaimlerChrysler entered
into a research alliance to invest over $1 billion in the
development of a new hybrid transmission and related systems.

Nov. 2006 – Toyota Motor Corp bought a 5.9 percent stake in
Japanese truck maker Isuzu Motors Ltd. (7202.T: ) for 44 billion
yen ($486.7 million) as part of a broad tie-up to develop
low-emission diesel and other engines.

July 2009 – Porsche (PSHG_p.DE: ) concedes defeat in power
struggle with Volkswagen, paving the way for the carmakers to
merge by 2011.

August 2009 – Nissan and Chrysler end cooperation deal on
pickup trucks, a small vehicle for global markets and a compact
sedan for South America.

Sept. 2009 – Japan’s Mitsubishi Motors Corp signed a
contract for a previously announced tie-up with France’s
Peugeot-Citroen in electric vehicles. The carmakers agreed to
cooperate in developing and marketing electric cars. Mitsubishi
Motors will supply electric cars to Peugeot-Citroen.

Dec. 2009 – Volkswagen bought a one-fifth stake in Suzuki
Motor Corp (7269.T: ) for $2.5 billion as part of an alliance
between the two automakers, tapping the Japanese group’s
expertise in small cars and dominance in India.

Stock Market Money
(Writing by Carl Bagh, Bangalore Editorial Reference Unit;
Editing by David Cutler and Sharon Lindores)
($1=.7417 Euro)
($1=90.40 Yen)

CORRECTED – FACTBOX-Key tie-ups between major automakers