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.
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wow… while the 3 pointed star believe in renault-nissan engine… malaysian rejected renault engine….
good move, we hope to see more cars from them being sold in Malaysia.
Not logical (for Malaysian) to reject Renault engine since current Renault engine “has” Nissan’s blood. :) They “share share” now.
Cheers.
The typical Malaysian won’t know about it. That’s why European cars aren’t that big here compared to the Japs.
So in future, we’ll get a car that looks like a merc, comfy as a Renault and sips fuel like a Nissan?
Better hope the offspring is good for this marriage of convenience!
I still dont understand why Nissan cant develop higher cyclinder engine…….Look at their V6 engine, it won the best engine manufacturer award a few years ago………Simply dont understand the main reason behind it…..
But i think this will be a good move for all three automakers……More sharing means more costs to be saved…
maybe u will understand “why” if u hv ever owned one of the local assembled Nissan v6’s cars…. or ever bought any car from tan chong…. sigh.
this cooperation may prove to be a good move or turning point for R-N-D alliance…. :-)
now thats what we call RND..
thats what we call a Love Triangle
Imagine SLS AMG M156 in the Nissan GT-R…….a monster i presume….just my wet dreams…
Daimler AG’s joint ventures with Chrysler and Mitsubishi turned out to be a desaster. The purchase of ‘Fokker aircrafts’ was a desaster too.
It’s very likely, that the partnership with Renault-Nissan will fail too…
After another financial desaster, Proton should buy the remains of Daimler for small money from Abu Dhabi (which is the main shareholder of Daimler AG)… ;)
Dude..
Chrysler and Mitsubishi was not a JV…Daimler bought over them and sold back Chrysler. Mitsubishi is only Fuso division they bought over…and FYI Fuso is one of the best seller small trucks in Malaysia now. Fuso is doing well.
good, cant wait to have their cars in the future :-)
wow got RND now… hehhee :-)