Daimler and Renault-Nissan’s alliance is further extended image

Late last week, the German and French-Japanese automakers announced a further extension of their alliance, also signaling their cooperation has no set boundaries.

Renault chief Carlos Ghosn and Daimler’s CEO Dieter Zetsche said during a joint conference that projects jointly developed have surged from the three planned initially to 12 now – showing for both companies cost savings worth more than $2.48 billion.

“We maintain the attitude that everything is on the table. There are no sacred cows,” commented Ghosn. “Based on projects underway and planned we expect annual revenue between the companies to more than double in the next six years,” he continued.

“If ever one of us would decide not to continue in his job, cooperation would continue,” Zetsche added.

With reciprocal shareholdings, Daimler and Renault-Nissan paved an alliance back in 2010 – among the industry’s few that includes mass-market brands and a premium make – and has seen Mercedes, Renault and Nissan share engines, factories and platforms and components.

Now, the two carmakers said the latest extension covers new engines, gearboxes and vans, including the move to have the new Mercedes-Benz C-Class equipped with Renault’s latest 1.6 litre four-cylinder diesel engine. The Germans would give back a 2 litre four cylinder gasoline engine and a 9-speed automatic transmission for the Infiniti premium brand.

Via Reuters