Nissan is in talks with Daimler to get large engines

Article by Christian Andrei, on August 26, 2010

Talks are ongoing between Nissan Motor Co. and Daimler AG over the supply of large engines, according to the Nikkei business daily. If the deal pushes through, Nissan will be supplying electric cars and batteries to Daimler. Meanwhile, Nissan's French partner, Renault SA, is deep into partnership talks with Daimler.

It's likely that these talks will expand into three-way negotiations. Last week, there were media reports that three-way negotiations are ongoing that an equity tie-up is possible.

Nissan CEO Carlos Ghosn, who also heads Renault, stated that he is open to an equity exchange.

Later this week, Ghosn will brief Nissan executives about the details and goals of Renault's partnership talks with Daimler. This would then signal that Nissan will be participating fully in the negotiations.

It is believed that one focal point is if the Nissan-Renault camp and Daimler can enter a deal before Daimler's general shareholders meeting on April 14.

Nikkei also said that even with Renault and Daimler to likely take stakes of several percent in each other, Daimler is cautious about forming a capital tie-up. [via autonews - sub. required]

Topics: infiniti, daimler, engine

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries