Renault-Nissan Alliance and Daimler AG announce wide-ranging strategic cooperation

Renault-Nissan Alliance and Daimler AG announce wide-ranging strategic cooperation

07.04.2010: * Cooperation on the next-generation smart fortwo and Renault Twingo, including electric versions, as well as on expanding the smart and Twingo families * Widespread powertrain sharing and co-development on future

    *      Cooperation on the next-generation smart fortwo and Renault Twingo, including electric versions, as well as on expanding the smart and Twingo families

    *      Widespread powertrain sharing and co-development on future projects with applications across passenger cars and light commercial vehicles, specifically:

          o            The sharing and co-development of diesel and gasoline engines from the Renault-Nissan Alliance; to be used in the new smart and Renault Twingo and to be adapted and modified with Mercedes-Benz characteristics for its new generation of premium compact cars

          o            The sharing of gasoline and diesel engines coming from Daimler to Infiniti, the luxury division of Nissan Motor Company, and providing the opportunity for further collaboration

          o            The sharing of a Renault-Nissan Alliance diesel engine and transmission for the Mercedes-Benz Vito

    *      Collaboration in the field of light commercial vehicles

    *      One-time cross-shareholding amounting to 3.1% of each partner’s equity capital

    *      Additional synergies encompassing selective common purchasing opportunities, exchange of operational benchmarks and best practices to be shared across both groups






The Renault-Nissan Alliance and Daimler AG today announced a broad strategic cooperation that will enable both groups to already realize benefits quickly from a range of concrete projects as well as sharing of best practices. The two groups also announced an equity exchange that will give the Renault-Nissan Alliance a 3.1% stake in Daimler and Daimler a 3.1% in Renault and a 3.1% stake in Nissan.

According toDr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars,“Daimler and the Renault-Nissan Alliance are combining common interests to form a promising foundation for a successful, strategically sound cooperation that is based on a number of very concrete and attractive project cooperations. Our skills complement each other very well.Right away, we are strengthening our competitiveness in the small and compact car segment and are reducing our CO2 footprint – both on a long-term basis.We know that we can make brand-typical products based on shared architectures.The individual brand identities will remain unaffected.”

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, said: “The Renault-Nissan Alliance knows how to work successfully in collaborative partnerships, and this experience is extremely valuable in today’s and even more tomorrow’s global auto industry. This agreement will extend our strategic collaboration and create lasting value for the Renault-Nissan Alliance and Daimler as we work on broadening and strengthening our product offering, efficiently utilizing all available resources and developing the innovative technologies required in the coming decade.”


Highlights of the Cooperation


Following intensive and productive talks,specific projects have been agreed upon and will be implemented with immediate effect. Specifically:

New common architecture for small vehicles


The successor to the current smart fortwo, a new smart four-seater and the next-generation Renault Twingo will be engineered on the basis of a jointly developed architecture.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 launches of the jointly developed models are planned for 2013 onwards.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.

Powertrains


The focus of the cooperation in the powertrain area is on the sharing of highly fuel-efficient, diesel and gasoline engines between the Renault-Nissan Alliance and Daimler.

The Renault-Nissan Alliance will provide 3 and 4 cylinder gasoline and diesel engines out of its portfolio to Daimler, which will then be adapted and modified to reflect Mercedes’ characteristics. The result is a win-win situation for both sides: Daimler will be able to utilize Renault-Nissan Alliance engines and capture additional sales potential for Mercedes-Benz’ future lineup of premium compact cars, while the Renault-Nissan Alliance will improve its capacity utilization.

Daimler will provide gasoline and diesel engines out of its current portfolio to Infiniti. This includes 4 and 6 cylinder gasoline and diesel engines. The result is a win-win situation for both sides: Infiniti will be able to utilize Daimler engines, while Daimler will improve its capacity utilization.

Daimler, Renault and Nissan 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.

The area of engine cooperation will be driven by a technical concept that ensures the preservation and clear distinctiveness of the individual respective brand and product identities, while at the same time providing a highly competitive cost structure.First,a high level of standardization of the non-brand-relevant components will provide substantial savings for both partners. Second, the use of separate, brand-specific technology packages will ensure that the requirements of the respective brands are met.

Akey objective is to increase competitiveness of all partners through a substantial increase in volumes, leading to economies of scale and cost sharing in development.


Collaboration on light commercial vehicles


The companies have also agreed on a close cooperation in the light commercial vehicle segment.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. Both partners will benefit from higher unit sales, better capacity utilization, shared investment burden, resulting in a better overall cost basis.

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.




Equity Exchanges


This strategic cooperation is underscored through a one-time cross-shareholding structure which enables the three companies to exchange, benchmark and create synergies on the basis of a long-term mutually beneficial relationship. The overall construction of the deal is based on the principle of a 3.1/3.1/3.1 percentage cross-holding between Renault, Nissan and Daimler; it will be transacted through an exchange of shares:

    *      Daimler will get 3.1% of Renault’s newly issued shares;

    *      Daimler will get from Renault 3.1% of Nissan existing shares;

    *      Renault will get 3.1% of Daimler shares

    *      Renault has independently agreed to exchange 1.55% of Daimler with Nissan for 2% of Nissan shares;

    *      Renault and Nissan will each hold 1.55 % of Daimler treasury shares.

The strategic cooperation will be managed by Renault-Nissan B.V. for the Alliance and Daimler through a new cooperation committee giving representation to all parties. The cooperation committee will be co-chaired by Carlos Ghosn and Dieter Zetsche and steered by senior executives of the three companies.


Further opportunities for collaboration


It is the intention of both groups to create a long-term framework to work closely on future areas of cooperation between Renault, Nissan and Daimler. 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 vehicles and batteries will be explored between Renault, Nissan and Daimler.


- Marc Binder-  photos Mercedes-Benz

Permanent-URL: http://www.automobilsport.com/renault-nissan-alliance-daimler-ag-wide-ranging-strategic-cooperation-electric-versions---78465.html

07.04.2010 / MaP

More News

The Renault-Nissan Alliance and Daimler AG strategic cooperation
07.04.2010
---announced on April 7 a broad strategic cooperation that will enable both groups to already realize benefits quickly from a range of concrete projects as well as sharing of best practices. The two groups also announced an eq more >>
SGL Group und BMW Group: Neues Carbonfaserwerk wird in Moses Lake / USA errichtet
07.04.2010
    * 100 Millionen US-Dollar Investitionsvolumen in erster Ausbaustufe    * 80 neue Arbeitsplätze in Moses Lake in erster Ausbaustufe    * Umweltfreundliche Energiequelle maßgeblicher EntscheidungsfaktorDie SGL Group und die BMW Group haben heute auf einer gemeinsamen Veranstaltung bekannt gegeben, more >>
Autokauf: Die beste Finanzierungsberatung gibt es bei Toyota
07.04.2010
Die Testkaufstudie der Branchenzeitung Automobilwoche zeichnet Toyota Verkäufer als Top-Berater in Sachen Finanzservice aus.Toyota schneidet bei der Beratung zu Finanzierung, Leasing und Versicherung als beste Automarke unter den getesteten 12 absatzstärksten Fabrikaten ab. Dies ist das Ergebnis der im Auftrag der Branchenzeitung Automobilwoche von der tra more >>
Mercedes-Benz continues positive sales trend in March
06.04.2010
— sales increase 15 percent in first quarterDr. Joachim Schmidt:    *      “As expected, we concluded the first quarter successfully in terms of sales.”    *      “The success of the E- and S-Class has further improved the sales mix.” more >>
Honda Sets All-Time February Record for Auto Production in Asia and China
02.04.2010
Honda Motor Co., Ltd. announced a summary of automobile production, Japan domestic sales, and export results for the month of February 2010.<Production>Production in Japan for the month of February 2010 experienced a year-on-year increase for the second consecutive month (since January 2010).Production in regions outsid more >>
Bisher bester Verkaufsmonat für neuen Porsche Panamera
02.04.2010
Porsche kann im März in den USA weiter zulegenDie Dr. Ing. h.c. F. Porsche AG, Stuttgart, hat im März 2010 zum siebten Mal im aktuellen Geschäftsjahr die Zahl der Fahrzeugauslieferungen in den USA gesteigert. Insgesamt wurden 1.905 Einheiten verkauft, das entspricht einem Zuwachs um rund neun Prozent gegenüber dem Vergleichsmonat 2009. Neben dem more >>
BMW Group U.S. Reports March 2010 Sales
02.04.2010
The BMW Group in the U.S. (BMW and MINI combined) reported March sales of 21,670 vehicles, an increase of 2.6 percent from the 21,125 vehicles sold in the same month of 2009.  For the first quarter, the BMW Group also reported a total sales volume of 55,051 vehicles, up 7.4 percent compared to 51,244 vehicles sold in the first three months of last year. more >>
Mitsubishi Motors announces production, sales and export figures for February 2010
29.03.2010
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for February 2010.    *       Production: global total and Japan      Total global production for February 2010 came in at 95,840 units, 112.8 percent up over the same month la more >>
BMW Financial Services- BMW Motorräder clever finanzieren
27.03.2010
und maßgeschneidert versichern.Pünktlich zum Start der neuen Motorrad-Saison profitieren Käufer eines BMW Motorrads von besonders attraktiven Angeboten der BMW Financial Services, wenn es um die Finanzierung und die Versicherung eines BMW Neu- oder Vorführ-Motorrads geht.Mit 3asy Ride clever finanzieren.Mit 3asy Ride, dem more >>
Spyker CEO reduces his voting interest to below 30 per cent
25.03.2010
(24 March 2010) - Today, Victor Muller - CEO of Spyker Cars N.V. ("Spyker") - transferred 1,295,711 listed ordinary shares reducing his voting rights in Spyker to below 30%. Prior to the share transfer, Mr Victor Muller held, including through Tenaci Capital B.V. and Investeringsmaatschappij Helvetia B.V., voting rights in Spyker of approximately 34.3%. Following th more >>
Volker Mornhinweg to become new head of Mercedes-Benz Vans at Daimler AG
20.03.2010
    *      Ola Kaellenius to succeed Volker Mornhinweg as Managing Director of Mercedes-AMG GmbHThe Board of Management of Daimler AG has made the following more >>
Daimler AG and investor consortium continue agreement on EADS
20.03.2010
    *      Continuation of agreement of 2007    *      No change in ownership structure or other arrangements    *      Bodo Uebber, CFO of Daimler AG and Supervisory Board Chairman of EADS N.V.: “The confirmation of the voting-rights structure gives more >>
Strukturelle Veränderungen beeinflussen das Ergebnis der Porsche SE
18.03.2010
Positive operative Entwicklung der Beteiligungen Porsche und Volkswagen Die Porsche Automobil Holding SE, Stuttgart, kann für die erste Hälfte ihres am 31. Juli 2010 zu Ende gehenden Geschäftsjahres 2009/10 eine positive operative Entwicklung ihrer Beteiligungen vermelden. Der Porsche Zwischenholding GmbH Konzern – dieser umfasst im Wesentlichen die Porsche more >>
Volkswagen R GmbH geht an den Start
17.03.2010
  Die Volkswagen R GmbH ist zukünftig der Spezialist für die sportlich-exklusiven Modelle im Hause Volkswagen. Mit der Volkswagen R GmbH bündelt die Volkswagen AG ab sofort die Kompetenzen der Entwicklung, der Umsetzung und des Vertriebs individualisierter Fahrzeugangebote more >>
First high-volume orders for Bosch Mahle Turbo Systems
16.03.2010
18 months after the company's foundation, Bosch Mahle Turbo Systems received the first two high-volume orders for exhaust gas turbochargers. The turbo technology of Bosch Mahle Turbo Systems will be applied in a gasoline downsizing engine and a common-rail diesel engine. Bosch Mahle Turbo Systems will start production for the approximately one million turbochargers per year at the end of 2011. more >>
saab-automobile-new-sales-director-jan-ake-jonsson
15.03.2010
Experienced automotive senior executive joins Saab Responsible for Saab's global sales operations Recruited to optimize sales including three new products in the next 16 months Saab Automobile today announced the appointment of Adrian Hallmark as Executive Director, Sales. more >>
Katar und Volkswagen vereinbaren Intensivierung der Kooperation
15.03.2010
    * Das Emirat Katar empfängt eine Delegation des Volkswagen Konzerns, der Porsche SE und des Landes Niedersachsens     * Langfristiger Ausbau der Kooperation bei Forschung, Entwicklung und Bildung geplant Das Emirat Katar, der Volkswagen Konzern, die Porsche Automobil Holding SE sowie das Land Niedersachsen wollen ih more >>
Wichtige Fortschritte bei Opel-Zukunftsplan
13.03.2010
Opel hat heute wichtige Fortschritte bei seinem Zukunftsplan erzielt.   In Spanien einigten sich Geschäftsleitung und Gewerkschaften darauf, die geplanten Restrukturierungsmaßnahmen im Werk Zaragoza umzusetzen. Die Einigung, die noch von den Mitarbeitern ratifiziert werden muss, sieht einen sozialverträglichen Abbau von 900 Stellen vor. more >>
BMW Group posts positive earnings for 2009
11.03.2010
Profit before tax up by 17.7% to euro 413 millionUnchanged dividend of euro 0.30 per share proposedReithofer: Profitable volume growth targeted for 2010 The BMW Group recorded positive earnings for the financial year 2009 as planned despite the ongoing worldwide financial and economic crisis. Profit before tax rose by 17.7% t more >>
Daimler Trucks Predicts Turnaround and Expects to Stabilize Earnings in 2010
10.03.2010
    *      Penetration of new markets: Substantial growth momentum in BRIC countries    *      Global modular system: Comprehensive modernization of product range    *      Expansion of leadership in global truck business In what was an more >>
BMW Group increases sales by 14.0 percent in February
09.03.2010
Wide range of new models presented at the Geneva Motor ShowThe BMW Group once again improved sales volumes substantially in February of this year. A total of 91,758 BMW, MINI and Rolls-Royce automobiles were delivered to customers (prev. yr. 80,474) – representing an increase of 14.0%. The figure for the year to the end of February was 173,911 units – 15 more >>
CITROËN : une nouvelle organisation pour le comité de direction
09.03.2010
Pour accompagner la dynamique commerciale internationale, que connait actuellement la Marque, Frédéric Banzet, Directeur Général de CITROËN, crée une nouvelle organisation pour son comité de direction à more >>
Daimler sells equity interest in Tata Motors
09.03.2010
    *      Cash inflow of approximately €300 million    *      Daimler Trucks and Mercedes-Benz Cars in very good positions and with increased activities in India    *      Excellent relations between Daimler and Tata remain unaffected more >>
Audi Maintains Strong Sales Growth in February
08.03.2010
    * Growth in all major markets in Western Europe    * U.S. sales up 33.6 percent in February    * 61.7 percent growth in China    * Sales Director Schwarzenbauer: “Strong first quarter thanks to leading position in China and Western Europe”AUDI AG rep more >>
LEXUS verzeichnet über sieben Prozent Absatzplus in Deutschland
08.03.2010
Verkaufsanteil der Vollhybrid-Modelle klettert auf fast 70 Prozent Im Januar und Februar 2010 hat LEXUS in Deutschland gegen den allgemeinen Markttrend zugelegt: Die LEXUS Neuzulassungen stiegen im Vergleich zum Vorjahreszeitraum um 7,6 Prozent auf insg more >>
Wolfgang Schubert named Cadillac Europe Managing Director
04.03.2010
Wolfgang Schubert has been named Managing Director Cadillac Europe, effective March 1, 2010. In this role, he will be responsible for the import, distribution and marketing of the Cadillac models in Europe. Previously, he has been Brand Leader for Cadillac, Corvette and HUMMER for General Motors Europe since 2006. He also led the European transition team super more >>
SRX Drives Strong February for Cadillac
04.03.2010
Cadillac posted  total sales for February of 9,273, up 32 percent from the same month last year, as SRX continued to make impressive gains in the compact luxury crossover segment. SRX sales rose 542 percent, the more >>
New candidate for membership of the Supervisory Board of Daimler AG representing the shareholders
04.03.2010
The Supervisory Board of Daimler AG has nominated Dr. Paul Achleitner as a candidate for membership of the Supervisory Board representing the shareholders. Achleitner will be available for election at Daimler’s Annual Meet more >>
Daimler AG Reports Total of 15,827 Vehicles Sold in the U.S. for February 2010
03.03.2010
    *      Mercedes-Benz USA Records February Sales of 14,870 passenger cars and light truck vehicles – an improvement of 4.7 percent over February 2009    *      Mercedes-Benz USA Records 515 Sales of Sprinter Vans    *      smart USA Rec more >>
GM Commits €1.9 Billion in Funding for Opel/Vauxhall Viability Plan
02.03.2010
•    General Motors Unveils Threefold Increase In Turnaround Investment•    Parent Company To Provide More than 50 Percent of Overall FundingOpel/Vauxhall today announced that its parent company General Motors will contribute a substantial €1.9 billion funding package as part of its commitment to the European more >>
Daimler AG signs Memorandum of Understanding with BYD Company Limited
02.03.2010
... to Establish a Technology Partnership for Electric Vehicles in China    *      Technology partnership for a new electric vehicle suited to the Chinese market    *      New brand to be created by Daimler and BYD    *      Dr. Diet more >>
Honda Sets All-Time Monthly Record for Production in Asia
26.02.2010
Honda Motor Co., Ltd. announced a summary of automobile production, Japan domestic sales, and export results for the month of January 2010.<Production>Production in Japan for the month of January 2010 experienced a year-on-year increase for the first time in 15 months (since October 2008).Production in regions outside of Japan experienced a y more >>
Spyker Cars finalizes deal over the purchase of Saab Automobile
23.02.2010
Transfer of ownership has taken placeTransaction signals the start of an exciting new era for SaabSaab and Spyker to operate under parent company Spyker Cars N.V. Spyker Cars N.V. today confirmed it has finalized the deal with General Motors Company to purchase Saab Automobile AB.  The transfer of ownership took place at 16:30 on February more >>
Mitsubishi Motors announces production, sales and export figures for January 2010
23.02.2010
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for January 2010. Production: global total and JapanTotal global production for January 2010 came in at 90,280 units, 69.3 percent up over the same month last year and the third consecutive monthly increase since Novem more >>
Daimler reports negative Group EBIT of minus €1.5 billion for 2009
19.02.2010
.... positive EBIT of more than €2.3 billion expected for 2010    *      Further improvement in EBIT from ongoing business to €0.6 billion in fourth quarter of 2009    *      Net loss of €2.6 billion for 2009 (2008: net profit of €1.4 billion) more >>
BMW Group starts new year with momentum
15.02.2010
16.6% sales growth in JanuaryAll three brands make substantial gainsThe BMW Group began the new year with a strong increase in sales of 16.6%. A total of 82,120 BMW, MINI and Rolls-Royce automobiles were delivered to customers worldwide in January (prev. yr. 70,419).Ian Robertson, member of the Board of Management of more >>
Spyker Cars N.V. EIB approves loan to Saab Automobile AB
12.02.2010
The EIB has today approved a loan to Saab Automobile for €400 million. A statement on the EIB's website reads:The EIB has confirmed the authorisation to conclude the EUR 400 million loan to SAAB Automobile AB in accordance with the terms and conditions approved by the Board of Directors on 21 October 2009 and to conclude the guarantee agreement with the Swedish more >>
BMW substantially exceeds residual value expectations at BCA
10.02.2010
BMW has demonstrated outstanding residual values, across its range, at a special closed auction by BCA in Nottingham on 4th February.  265 new and established models sold for 100 per cent conversion, generating £8.1 million.The BMW X1 and 5 Series Gran Turismo had a great introduction to the used car market.  On their debut, both cars exceeded expectations, averaging more >>
Opel / Vauxhall Reductions in Sales and Administration Areas
09.02.2010
Country     Reduction (rounded)Germany 650UK    150Belgium 110Switzerland (GME headquarters)    80France    50Hungary 40Italy 40Poland 40Russia 40Netherlands 20Sweden 1 more >>

2001-2020 automobilsport.com full copyright