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Nissan and Daimler Might Shake Hands on a Mexican Joint Venture


The Japanese automaker Nissan and Germany's Daimler shook hands to create a 50-50 joint venture in Mexico. Nissan's and Daimler's joint manufacturing venture will build small, upmarket cars for the automakers' Mercedes-Benz and Infiniti brands. The two car makers signed last month a memorandum of understanding regarding this plan, according to an anonymous source. This is another example of how more and ...
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More dieter zetsche articles

Daimler to extend Renault Nissan cooperation with Fuso vans
The German automaker and the French-Japanese group are expanding their global cooperation to include commercial vans made in Japan as the manufacturers continue to identify new projects together. The manufacturers have ...
Report – Daimler CEO says Mercedes will build compact cars in Brazil
According to German newspaper Stuttgarter Zeitung, CEO Dieter Zetsche said Mercedes-Benz would choose this year between two or three locations it had shortlisted for a plant in Brazil. Daimler’s decision to ...
AMG Head will run Mercedes Benz sales
Mercedes-Benz, the world’s third-biggest maker of luxury vehicles, appointed the head of the AMG high-performance business, Ola Kaellenius, to oversee sales as the company reorganizes how it deals with customers. Kaellenius, ...
Daimler CEO Believed Mercedes Will Lose Race to BMW This Year
Daimler CEO Dieter Zetsche does not expect Mercedes-Benz to win the luxury auto sales race in the US this year. “I don’t think we’ll be No. 1 at the end of ...
Mercedes gets 12,000 orders for its new S-Class
Daimler AG, the maker of Mercedes-Benz luxury vehicles said it already received 12,000 orders for its new generation S-Class luxury sedan in the last four weeks. The German automaker counts on ...
Daimler Cuts Mercedes’ Spending to Boost Sales and Profit
Daimler will cut costs at Mercedes-Benz to avoid forced job cuts and to push forward its target of surpassing BWM in profit and sales. "We're looking everywhere to increase efficiency at ...
Daimler Reduced Managers Payments
Daimler cut CEO Dieter Zetsche’s pay by 5.8%, as all managers’ payments were reduced once the profit targets were scrapped. Zetsche’s compensation for last year totaled 8.15 million euro, from 8.65 ...
Daimler CEO to Increase Mercedes Sales in China With 50% by 2015
Daimler’s CEO Dieter Zetsche has promised to increase by 50% Mercedes’ sales in China by 2015. Zetsche announced that he will increase Mercedes-Benz’ sales in China by 50% to 300,000 vehicles ...
Daimler AG extends Dieter Zetsche’s contract by three years
The Supervisory Board of Daimler AG passed a unanimous resolution to extend the contract of Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of ...

latest automotive news
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Recall roundup: Chrysler, Dodge and Jeep SUVs for two separate recalls
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