People who have inside knowledge of the plans have told Reuters that both Daimler and Nissan have completed their joint venture deal for common production of cars in Mexico.
The two automakers are now calling a news conference, which according to the sources will officially announce the plans, in which Mercedes-Benz and Infiniti compact autos would be manufactured together in a plant located in Mexico.
According to the people, the news brief will be used by the duo to announce a “substantial investment”, which would allow both carmakers to develop new models using Daimler’s new front wheel-drive architecture, while the manufacturing part would be taken care of by the Nissan Aguascalientes site northeast of Guadalajara.
The venture, jointly owned 50/50 by Daimler and the Renault Nissan alliance would be used to further expand Infiniti’s line-up and global appeal, while also allowing Mercedes-Benz to further grow its production footprint in North America, where the brand has been constantly growing in recent years.
Both companies announced that Daimler Chief Executive Dieter Zetsche and Renault-Nissan CEO will be unveiling new cooperation plans today, at a news conference programmed for 13.30 GMT (9.30 a.m. EDT) – although they declined to give specific details ahead of the announcements.
by Aurel Niculescu
) - Friday, June 27th, 2014 - filed under Industry
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