Just about anything is possible as Daimler, Renault and Nissan announce yet another big expansion of their global alliance – except for the possibility of a full-out merger, the CEOs of the three makers said during a joint Paris Motor Show news conference.
The partners have rapidly added a wide range of new projects since first revealing a limited series of joint ventures in 2010. The latest move will see Daimler, Renault and Nissan jointly developing a new generation of compact engines while also sharing transmissions.
Meanwhile, Daimler could announce an even more expansive program before year-end that would have it share in a new assembly complex Nissan has already announced for Mexico.
“Over time, we have built up so much trust we are working like hand and glove,” declared Daimler Chairman and CEO Dieter Zetsche, sitting alongside Carlos Ghosn, the CEO of both Nissan and Renault, who expressed similarly upbeat sentiments about an alliance the partners expect to save billions of dollars in the coming years – while also helping the makers rush new product to market at a faster pace.