Daimler and Renault-Nissan agree to further extend cooperation

Article by Andrew Christian, on October 6, 2014

Daimler AG and the Renault-Nissan alliance have agreed to further expand their partnership to include engines and transmissions. Renault will supply Daimler with a 1.6-liter four-cylinder diesel engine for to be installed in the Mercedes-Benz C class. On the other hand, Mercedes will supply Nissan with a 2.0-liter four-cylinder gasoline engine to be installed at Infiniti models.

Daimler has also provided a license to Nissan to make its nine-speed automatic transmission for use in Infiniti vehicles. Daimler and Renault-Nissan has also agreed to cooperate on transporter vans. As part of the agreement, Nissan will supply Mitsubishi Fuso Truck and Bus Corp. -- Daimler's Japanese commercial vehicles unit -- with the NV350 transporter van that will be sold as a Fuso Canter van in markets in the Middle East starting this year.

 The partners said there were no limits to how their collaboration could evolve. "We maintain the attitude that everything is on the table,” Renault-Nissan chief executive Carlos Ghosn during a news conference with Daimler CEO Dieter Zetsche at the Paris Auto Show.

They said that the partnership now has 12 projects that were resulting to cost savings of over of $2.5 billion (EUR2 billion). The partnership commenced in 2010 with each taking token reciprocal shareholdings. Since then, Mercedes, Nissan and Renault have shared engines, plants and platforms for small cars.

According to Ghosn, Sharing development, procurement and even manufacturing costs helps both companies save money. He added that they expect the annual revenue between Daimler and Renault-Nissan to more than double in the next six years, based on projects underway and planned.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Bentley Motors has just released the specs of the new Bentayga Diesel. Obviously, we couldn’t wait to share it here since it’s the first ever diesel model to come out...
by - September 26, 2016
A big chunk of Volvo Cars’ legacy in developing the most durable and capable car is evident in its latest Cross Country collection. Suffice it to say, our planet has...
by - September 21, 2016
Just very recently, we were all delighted to finally see a Bugatti Chiron out in the streets casually hanging around Cannes in France. The said car was purchased by a...
by - September 9, 2016
Earlier this year, Aston Martin wowed the world with a stunning concept car – the Vanquish Zagato. The concept made its first appearance in May during the Concorso d’Eleganza Villa...
by - September 7, 2016
Lamborghini has always been known to be the home to exotic supercars. The Italian automaker’s production facilities have hosted uniquely designed and powerful show-stopping supercars. It all started with the...
by - September 5, 2016