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Daimler, Renault-Nissan Point COMPAS Toward Mexico

Makers continue expanding partnership.

by on Jul.28, 2015

Daimler and Renault-Nissan are building a new plant in Mexico to produce small cars. The entity, COMPAS, is run by a board of executives from both companies.

Daimler AG and the Renault-Nissan Alliance are pointing their compass south of the U.S., or more precisely their putting COMPAS in Mexico to build compact cars for them.

The companies announced that they’ve formed COMPAS (Cooperation Manufacturing Plant Aguascalientes), a 50-50 partnership that will “oversee the construction and operation of a manufacturing plant for the production of next-generation premium compact vehicles for the brands Mercedes-Benz and Infiniti.”

News You Can Trust!

The two automakers announced last fall they would team up to find a way to build small cars in Mexico, but did not provide any substantive details at the time. The new entity will build a $1 billion plant – each kicking in half of the funds – on the grounds of Nissan’s plant in Aguascalientes. The new plant will be built alongside Nissan’s existing plant in the central Mexican city of Aguascalientes. (more…)

Jim Press Pulled Back By Renault/Nissan Allianace

Former Toyota, Chrysler exec aiding global alliance strategy.

by on Jul.20, 2010

Former Toyota and Chrysler exec Jim Press has resurfaced working for the Renault/Nissan Alliance.

Once the most powerful American in the Japanese auto industry, Jim Press has resurfaced, this time working for the Renault/Nissan Alliance.

The 63-year-old Press is serving as a consultant on sales, service and marketing issues for the Euro-Asian partnership, a Nissan/Renault spokesman says.

A former board member with Toyota Motor Co. and the maker’s top-ranked U.S. executive, Press had most recently been working as a vice chairman for Chrysler until the maker’s 2009 bankruptcy.

Press On!

“Jim is already making a great contribution to the business,” said Renault/Nissan spokesman Simon Sproule, confirming Press’s involvement with the Alliance.