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

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