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July 11, 2007

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Strategic Cooperation Agreement between DaimlerChrysler Truck Group and Fiat Powertrain Technologies

The DaimlerChrysler Truck Group and Fiat Powertrain Technologies (FPT) announced to have concluded a strategic co-operation agreement in the field of powertrains.

Mercedes Actros Truck

The first step of this agreement concerns the long-term supply of light-duty diesel engines (FPT F1C) to the Mitsubishi Fuso Bus & Truck Corporation (MFTBC), to be used in the Canter light commercial vehicle which will be marketed in major markets, including Europe and Japan.

FPT will supply around 80,000 F1C engines per year to Mitsubishi Fuso starting in 2009. The supply volumes will increase over the following years.

The engine is a Common Rail Diesel engine, with 3.0 liter displacement, rated 177 Hp at 3,500 rpm and a torque of 400 Nm at 1,400 rpm. Thanks to the optimized design of all engine components and to the advanced technology of its injection and turbocharging systems, the F1C engine guarantees excellent performance and fuel consumption.

The F1C engine is currently manufactured only in Foggia, Italy, but production in an additional site will shortly be started as part of the globalization of FPTs footprint.

The current Canter generation was introduced in 2002 and is one of the most successful light-duty trucks in Asia - sold over 132,000 times in 2006 in over 106 countries world-wide.

Its great success and Mitsubishi Fuso’s core competence for such vehicles makes MFTBC the world-wide Competence Centre for light-duty trucks within the DaimlerChrysler Truck Group.

Within the framework of this strategic supply-agreement the two companies are also investigating further potential business opportunities in other markets, including South East Asia.

June 19, 2007

Photos: Mercedes Truck Group

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