Daimler and Renault are discussing acquiring mutual equity stakes
Thursday, March 18th, 2010
As part of the talks between Daimler and Renault over a possible cooperation, there have been discussions about mutual equity stakes, the Financial Times reported.
Two sources have told the newspaper that the alliance could go beyond working on small cars. The paper said the stakes would probably be below 10% in each other. The two companies have made no attempts to cover up the possibility that they could cooperate to cut costs, pool technology resources and build scale during this difficult economic period. Renault-Nissan still does not have top of the line cars, despite attempts with the Safrane, Vel Satis or Korean-built Samsung models. Continued after the jump!












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