Chrysler's Mexico division will sell Mitsubishi's global sedan starting in November under a new five-year agreement, Chrysler has announced.

Mitsubishi Motors Corporation (MMC) will supply the vehicle to Chrysler de Mexico (CdM).

"With the introduction of this new compact sedan, Chrysler de Mexico will add a very competitive vehicle to its line up to fulfill customer's needs," said Bruno Cattori, president and CEO of Chrysler de Mexico.

This car will compete in the B segment, one of the largest in the Mexican market, which represented 23 percent of the Mexican automotive industry with sales of more than 250,000 during 2013, according to the companies.

"With this agreement, we continue to strengthen our successful relationship with Chrysler de Mexico, and we expect that our global compact sedan will be accepted in the Mexican market as well as Asian and ASEAN markets where we have been achieving good sales performance," said Osamu Masuko, Mitsubishi's CEO and chairman of the board.