NEW YORK (Kyodo) Nissan Motor Co. and Chrysler Group LLC have agreed to end an accord reached last year on making vehicles for each other, the companies said Wednesday, citing drastic changes in the business environment.

The development follows Chrysler's emergence from Chapter 11 bankruptcy in June to pursue reconstruction under Italy's Fiat SpA.

Under the original equipment manufacturing deal announced in early 2008, Chrysler was to make a full-size pickup truck for Nissan from 2011, while the Tokyo-based automaker was to manufacture a compact sedan for Chrysler to sell in the South American market later this year and a small vehicle for global markets from 2010.