Renault-Nissan Alliance and Daimler AG announced today a broad strategic cooperation which promises to enable both groups to already realize benefits quickly from a range of concrete projects as well as sharing of best practices.
As we said last week in this post, 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. Regarding the highlights of the cooperation, the manufacturers will share the new architecture fo small vehicles: the next-generation Smart ForTwo and the next-generation Renault Twingo will be engineered on the basis of a jointly developed architecture.
Read Article