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Renault-Nissan alliance in talks with Daimler
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Posted by JohnA [Email] (#426) [Profile/Gallery] (more from JohnA) on Tue, 16 Mar 2010 20:18:35 Share Post by Email
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Japanese automaker Nissan and its French partner Renault are in talks with German auto giant Daimler to form a comprehensive tie-up.

Sources say the 3 companies are considering jointly procuring parts and purchasing materials as well as developing compact cars and electric vehicles.

They are also studying the possibility of cross-shareholding.

Nissan and Renault already have a capital tie-up.

The 3 firms are apparently aiming to cut costs and boost competitiveness in advanced technologies to survive the realignment of the global auto industry.

The proposed partnership would create the world's third-largest auto group in terms of sales following the Volkswagen-Suzuki group that forged a capital alliance in December and Toyota Motor.

2010/03/17 05:48(JST)
(JST: UTC+9hrs.)

Renault-Nissan alliance in talks with Daimler

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