Nissan may join talks between Renault and Daimler

Article by Christian Andrei, on August 29, 2010

Nissan Motor Corp. may soon join talks between Renault SA and Daimler AG, the Nikkei business daily reported on Wednesday. Shares of the carmakers are believed to rise due to reports that they are in talks about an equity tie-up and as part of a longer-term partnership.

When asked about these reports, Renault CEO Carlos Ghosn, who also leads its Japanese alliance partner Nissan, didn't divulge much except to say that he was open to equity exchanges.

At a company event in India, Ghosn said that he can´t comment on a matter that has yet to be decided.

Renault holds a 44% stake in Nissan. According to the Financial Times Tuesday edition, two unnamed sources say that the two companies are set to discuss taking equity stakes in each other to forge long-term cooperation.

Meanwhile, Nissan spokesman Yosuke Nagatomo declined to comment. Renault and Daimler, maker of Mercedes cars, are known to have begun talks about working together to cut costs, pool technology resources and build scale as the crisis-hit industry moves to become more efficient.

Ghosn added that the Renault-Nissan alliance is talking with Indian vehicle maker Ashok Leyland about a possible passenger car project.

Topics: nissan, renault, daimler

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