Nissan is in talks with Daimler to get large engines

Article by Christian A., 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

Recommended

It’s not a bird. It’s not a plane. It’s Kris Singh’s blue carbon flying machine! Time stood still for a few minutes after the extremely rare Pagani Huayra BC Macchina...
by - May 24, 2017
If you’re selling some of the most expensive and most exclusive cars in the world, perhaps it would be a great idea to commission an ultra-rare work from the same...
by - May 24, 2017
Ford Motor Co. now has a new man on the top, and he goes by the name of Jim Hackett. Effective May 22, 2017, Hackett is named the new president...
by - May 24, 2017
Skoda recently launched the new Karoq compact SUV as a replacement model to its now-defunct Yeti small crossover. Slotted below the newly introduced Skoda Kodiaq, the new Karoq features a...
by - May 23, 2017
There are already rumors suggesting that the next generation BMW 5-Series GT is expected to be joining the 6-Series range. The latest reports instead tell us that that 3-Series GT...
by - May 23, 2017
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