Nissan-Renault, Daimler sign deal to share technology

08:12, April 08, 2010      

Email | Print | Subscribe | Comments | Forum 

Nissan Motor Co. and its French partner Renault SA on Wednesday signed a deal with Daimler AG to share engine technology and cooperate in developing compact and electric vehicles.

The deal with Germany's Daimler will also see the two companies taking a 3.1 percent stake in each other.

The alliance will be the third biggest in the world, and comes after similar deals between other automakers as the companies look to lower costs for research-intensive technologies that are less damaging to the environment.

Under the deal, Daimler will supply larger engines to Nissan and Renault for its luxury models, while receiving smaller engines from the two companies.

In 2009, the combined sales of the three companies was 7.64 million units.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion