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Daimler Join Forces with Renault-Nissan Alliance
The Renault-Nissan Alliance and Daimler AG announced a new partnership to exchange capital and technology with particular emphasis on small, electric cars, powertrains and light commercial vehicles.As part of the partnership, the Renault-Nissan Alliance will acquire stakes in Daimler, totaling about 3.1% of the German company's stock. Daimler will also get stakes of the same size in both Renault and Nissan, who have been in an alliance since 1999.
After the exchanges, Renault's stake in Nissan will fall to 43.20 percent from 44.33 percent, and Nissan's stake in Renault will fall to 13.53 percent from 15 percent.
The three agreed to a lock-up of that structure for a maximum of five years. The cooperation committee will be co-chaired by Carlos Ghosn, chief executive of Renault and Nissan, and Daimler CEO Dieter Zetsche, and steered by senior executives of the three companies.
The successor to the current Smart Fortwo, a new Smart four-seater and the next-generation Renault Twingo will be jointly developed with a target date of 2013. All vehicles will clearly differ from each other in terms of product design. One main characteristic of the new architecture will be the unique rear wheel drive concept used by current Smart vehicles.
The smart plant in Hambach, France will be the production location for the two-seater versions, while the Renault plant in Novo Mesto, Slovenia will be the production location for the four-seater versions. Right from its market launch, the jointly developed future models will also be available with an electric drive.
The Renault-Nissan Alliance will provide three- and four-cylinder gasoline and diesel engines out of its portfolio to Daimler, which will then be adapted and modified to reflect Mercedes' characteristics.
Daimler will provide gasoline and diesel engines to Nissan's premium Infiniti brand, including 4- and 6-cylinder engines
Daimler will provide gasoline and diesel engines out of its current portfolio to Nissan's premium Infiniti brand. This includes four- and six-cylinder gasoline and diesel engines.
The three will also cooperate on future gasoline and diesel engines. Final production decisions for newly, co-developed engines will be taken at a later time, seeking a production network that is well balanced, thus benefiting all sides.
LIGHT COMMERCIAL VEHICLES
Mercedes-Benz Vans will expand its portfolio to offer an all-new entry-level, intended for commercial usage, from 2012 onwards. The technical basis of this van will come from Renault and will be produced at the Renault plant in Maubeuge, France.
In addition to cooperating on small commercial vehicles, selected powertrain components will also be shared to enlarge mid-size van product offering and sales volumes. This includes a small diesel engine and transmissions which Daimler will procure from Renault-Nissan for its mid-size van, the Mercedes-Benz Vito. This additional entry-level motorization will generate additional unit sales for Mercedes-Benz and optimized capacity utilization at Renault.
FURTHER OPPORTUNITIES FOR COLLABORATION
Each company will pursue future opportunities following the closing of the agreement on the strategic cooperation and the implementation of the first major cooperation projects.
These include opportunities to be studied on shared modules and components between Infiniti and Mercedes-Benz vehicles, regional cooperation in the United States, China and Japan between Nissan, Infiniti and Daimler.
In addition, opportunities to co-develop technologies relating to electric cars and batteries will be explored between Renault, Nissan and Daimler.
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