Renault-Nissan Allianz and Daimler AG agree broad strategic cooperation
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- Date: 7 April 2010
- Description: The Renault-Nissan Alliance and Daimler AG agree a broad strategic cooperation. The successor to the current smart fortwo, a new smart four-seater and the next-generation Renault Twingo will be engineered on the basis of a jointly developed architecture. Further areas of focus include the sharing of fuel-efficient diesel and petrol engines and cooperation in the light commercial vehicle segment. The cooperation also includes a mutual exchange of equity: the Renault-Nissan Alliance will receive a 3.1 % stake in Daimler, while Daimler AG will take 3.1 % of Renault and 3.1 % of Nissan.
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