Daimler-Renault Cooperation Faces Battery Challenge
Daimler AG Chief Executive Officer Dieter Zetsche says the German company will become a leading manufacturer of electric-car batteries. Trouble is, his new business partner Renault SA CEO Carlos Ghosn has the same idea.
Both chiefs have vowed to produce the best power pack as they begin working together to jointly develop [...]
FACTBOX-How do Renault, Daimler and Nissan compare?
Japanese alliance partner Nissan and Germany’s Daimler
will unveil partnership and cross-shareholding plans
on Wednesday in Brussels, industry sources told Reuters.
Here are some facts about Daimler, Renault and Nissan:
* DAIMLER:
Market Capitalisation – $52 billion
Unit Sales – 1,093,900 (2009)
Major Brands – Mercedes-Benz, Smart, Maybach
Key Shareholders:
Aabar Investments, Abu Dhabi - 9.1 percent
[...]
Renault-Nissan to announce partnership with Daimler
Nissan Motor Co and its French parent company Renault SA have reached an agreement with Germany’s Daimler AG to acquire stakes of about 3 percent in each other, the Nikkei business daily reported.
Currently, Renault owns 44.3 percent of Nissan, while the Japanese automaker has a 15 percent stake in the [...]
Daimler Said to Be Selling $428 Million Tata Stake
German carmaker plans to exit Tata Motors by selling its entire 5.34 per cent stake in the Indian truck and car manufacturer. The sale is expected to fetch Daimler $429 million (about Rs 1,948 crore), people close to the development said.
Stuttgart, Germany-based Daimler is conserving cash as [...]
French carmaker Renault is in talks with German rival Daimler and others about partnerships to cut costs as the industry tries to become more efficient exiting the downturn.
the talk include a variety of technology projects and to achieve economies of scale through increased volumes, a senior executive said Thursday.
Chief Operating Officer Patrick Pelata told a [...]
