Daimler-Renault-Nissan alliance bears watching
As reports abound today that automakers Renault and Nissan will announce a parts-sharing and technology-swapping alliance with Daimler tomorrow morning, it is just another example of the blurring of lines when it comes to choosing which vehicle to purchase these days.
And this one should bear watching by the trucking industry as well, as some reports suggest there may be commercial implications in this deal. The Detroit News reported this morning it is possible that Renault may sell its 20% stake in AB Volvo, parent of both Mack Trucks and Volvo Trucks North America, to Daimler. A second report, this one from the New York Times, suggests collaboration on light commercial vehicles may be part of the arrangement.
We’ll certainly learn more tomorrow morning, I’m sure.
According to the Associated Press, a joint news conference will be held in Brussels to announce the partnership, which was confirmed by French Industry Minister Christian Estrosi. The French government owns 15% of Renault, which owns a 44% stake in Nissan and a 25% stake in AvtoVaz, a Russian car maker, among other holdings, no doubt.
Daimler has had relationships with Chrysler and Mitsubishi in the past and owns the Mercedes-Benz line. This partnership appears to be about Daimler’s interest in producing small cars at affordable prices and Renault’s desire to gain access to Daimler’s engineering prowess, particularly when it comes to engines.
The final result, though, may have an impact on the commercial markets as well.