Renault-Nissan, Daimler alliance may see ‘billions’ in savings

This thing could actually work and it’s the kind of alliance Mr. Ghosn has been searching for in the past few years. Listen, Nissan has some of the hottest cars on the market with more on the way. Bring back the 280zx and it’s on baby!


TOKYO (Bloomberg News) — Renault SA, Nissan Motor Co. and Daimler AG expect to save “billions of euros” by sharing development costs as part of an equity-swap alliance, two people with direct knowledge of the talks said.

The automakers aim to sign an agreement that will include cross-shareholdings from 3 percent to 4 percent as early as Wednesday in Brussels, said the people, who declined to be identified as the discussions are private. They plan to share development costs for platforms and technologies including powertrains, the people said.

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Photo from fOTOGLIF


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