BLOOMFIELD HILLS, Mich. — smart USA Distributor LLC, a wholly-owned subsidiary of Penske Automotive Group, has announced the signing of a Memorandum of Understanding (MOU) with Nissan Motor Co. for the collaboration of a new vehicle for sale in the United States.
Pursuant to the terms of the MOU, smart USA will obtain the rights to procure and distribute a five-door, gasoline powered, B-segment vehicle from Nissan for sale through the smart USA retail dealership network in the United States. The new vehicle is expected to be available for retail sale in the fourth quarter of 2011.
For additional information, visit www.smartusa.com or www.penskeautomotive.com.