Car & Bike News » Daimler http://www.vehicle-depot.com Search our archive for all the latest automotive news, new car releases and the latest sport bike news from around the world including sport bike racing updates, new sport bikes and products Fri, 03 Feb 2012 10:06:41 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Mercedes, Renault-Nissan Team Up http://www.vehicle-depot.com/mercedes-renault-nissan-team-up/ http://www.vehicle-depot.com/mercedes-renault-nissan-team-up/#comments Tue, 08 Jun 2010 07:17:49 +0000 admin http://www.vehicle-depot.com/?p=106
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    • ]]>     Daimler chief Dieter Zetsche and Renault/Nissan chief Carlos Ghosn have signed an agreement to share technologies and platforms, with a small 3.1% equity exchanging hands. The two heads lead a 12-member committee to identify and work on projects where the three auto giants can find synergy to better compete with competitors.

    This is the latest in a long line of attempts by luxury car Mercedes to partner with a mass-market automaker that can help with popularly priced models without compromising the three-pointed star brand. The 3 companies expect to realize cost savings and added revenue of about $5.4 billion from the deal, which is open-ended in time and number of potential projects. It also helps Renault/Nissan fill up its underutilized capacity and helps both pose credible threat to Volkswagen Group surge.

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