Renault-Nissan Alliance and Daimler AG announced today a broad strategic cooperation which promises to enable both groups to already realize benefits quickly from a range of concrete projects as well as sharing of best practices.
As we said last week in this post, the two groups also announced an equity exchange that will give the Renault-Nissan Alliance a 3.1% stake in Daimler and Daimler a 3.1% in Renault and a 3.1% stake in Nissan.
Regarding the highlights of the cooperation, the manufacturers will share the new architecture fo small vehicles: the next-generation Smart ForTwo and the next-generation Renault Twingo will be engineered on the basis of a jointly developed architecture.
The launches of the jointly developed models are planned for 2013 onwards. Regarding the powertrains, the Renault-Nissan Alliance will provide 3 and 4 cylinder gasoline and diesel engines out of its portfolio to Daimler, while Daimler will provide gasoline and diesel engines out of its current portfolio to Infiniti which includes 4 and 6 cylinder gasoline and diesel engines.
Of course, the result is a win-win situation for both sides as Infiniti will be able to utilize Daimler engines, while Daimler will improve its capacity utilization.
Daimler, Renault and Nissan will also cooperate on future gasoline and diesel engines. Also, the collaboration will be extended on small commercial vehicles and Daimler will procure small diesel engine and transmission from Renault-Nissan for its Mercedes-Benz Vito.
According to Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars, Daimler and the Renault-Nissan Alliance are combining common interests to form a promising foundation for a successful, strategically sound cooperation that is based on a number of very concrete and attractive project cooperations.
Our skills complement each other very well.Right away, we are strengthening our competitiveness in the small and compact car segment and are reducing our CO2 footprint both on a long-term basis.We know that we can make brand-typical products based on shared architectures.The individual brand identities will remain unaffected.