NASHVILLE -- Chrysler LLC and Nissan Motor Co. have postponed plans to share a North American-built small car and a full-sized pickup until they can reduce costs.
A third vehicle-sharing project, in which Chrysler will sell a version of Nissans compact Versa sedan, will continue on schedule, the companies said late Thursday.
The automakers blamed the interruption on a worsening economic picture, including dollar-yen exchange rates, that is throwing sales forecasts in doubt.
Because of current economic conditions, Nissan and Chrysler teams working on the two other projects have been asked to ensure that financial objectives for both companies can be met before these two projects move forward, said a statement distributed by Nissan North America Inc.
The Versa-sharing deal will give Chrysler a car later this year to sell in South America.
The plans now on hold include the next-generation Nissan Titan, which was to be derived from the Dodge Ram pickup, made in Saltillo, Mexico. The other paused project was to be a fuel-efficient Nissan small car that used a Chrysler design.