General Motors Co. (GM, GMM.TO) and Nissan (NSANY.PK) announced Tuesday that they have signed an agreement for Nissan to produce a small cargo vehicle that GM will sell in the United States and Canada.
GM said it 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.
GM noted that the price of the Chevrolet City Express will be announced later.
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