The 5-year-old alliance between Daimler AG and Renault-Nissan is set to double in size during the next six years, top officials predicted during a news conference at the Paris Motor Show.
The partners have already entered into a variety of joint ventures, including the development of several new microcars and the production of new gasoline and diesel engines. They will begin work on a new, shared assembly plant in Mexico next year, a facility that will eventually produce new compact luxury cars for both Daimler’s Mercedes-Benz brand and Nissan’s upscale marque Infiniti.
Appearing together for what has become an annual update they call the “Carlos-and-Dieter Show,” Daimler Chairman and CEO Dieter Zetsche and Renault-Nissan Alliance CEO Carlos Ghosn said they now have 12 different ventures going, up from the original three, and that is only likely to grow. (more…)