Nissan, Chrysler scrap supply deal

       Nissan Motor in Japan and Chrysler in the US have scrapped a plan to supply vehicles to each other, because of ongoing turmoil in the industry.
       Nissan last year announced it would provide a compact sedan to Chrysler for the South American market beginning this year and a small vehicle for global markets from next year.
       Chrysler, which has since partnered with Italy's Fiat as part of its bankruptcy plan, had been due to supply a pickup to Nissa from 2011.
       But the two companies decided to end the project "in light of significant changes in business conditions since the projects were announced", they said in a joint statement on Wednesday.
       The move comes after Chrysler and Fiat sealed a deal in June to create a new auto giant after the Italian maker stepped in to salvage the bankrupt US firm.
       Fiat will at first own 20 per cent of the Chrysler Group, rising to 35 per cent and eventually to a majority stake if certain targets are achieved and US government funds repaid.
       Nissan, Japan's No-3 carmaker, is 44-per-cent owned by France's Renault. It is axing 20,000 jobs in an effort to recover from its first annual loss in a almost a decade.