Details of Renault-Nissan’s partnership with Daimler AG have been revealed. The tie-up involves a symbolic stake exchange of 3.1%, which is basically a series of stake exchanges. Daimler will get 3.1% of Renault’s newly issued shares, Daimler will get 3.1% of Nissan shares that Renault current holds, and Renault will get 3.1% of Daimler shares. Renault has agreed to exchange 1.55% of Daimler shares with Nissan for 2% of Nissan shares. Renault and Nissan will each hold 1.55% of Daimler treasury shares.
The press release issued by the two companies also details exactly what the companies will work together on:
- The companies will work on the next generation smart fortwo and Renault Twingo platform and engines together and there will be EV versions. These cars will be launched sometime from 2013 onwards. Two seater versions will be made in smart’s plant in France while four-seater versions will be made in Renault’s plant in Slovenia.
- As per above, Renault-Nissan will provide 3 cylinder and 4 cylinder small engines to Daimler, modified to suit Mercedes-Benz characteristics. Expect the next generation A-Class as well as the smarts to use Renault-Nissan engines..
- Daimler will supply Nissan’s Infiniti luxury car division with gasoline and diesel inline-4 and V6 engines. This will allow Renault-Nissan to focus on small engine development which make up the bulk of their vehicles.
- The Mercedes-Benz Vito will get a Renault-Nissan diesel engine and transmission. This could be the inline-4 and the V6 found in the Pathfinder/Navara.
- The three companies will also collaborate on future petrol and diesel engine.