Thursday, January 26, 2023
News The Daimler-Renault-Nissan Partnership is Coming to an End

The Daimler-Renault-Nissan Partnership is Coming to an End

The partnership between Mercedes-Benz, Renault and Nissan is ending after close to 10 years

  • The 3 companies became partners around 10 years ago. The most noticeable result was the Mercedes GLA and Infiniti QX30 SUVs

  • The arrest of Renault-Nissan’s former CEO in 2018 has led to the separation of both entities

  • Renault and Nissan sold their shares in Daimler earlier this year, Daimler is currently selling its shares in Renault

Automakers often create partnerships in order to share the cost of new models and co-develop technologies. Daimler (the parent company to Mercedes-Benz) and Renault-Nissan entered such a relationship close to a decade ago, but now, the companies are about to go their own way again.

This partnership involved Renault and Nissan buying shares in Daimler and Daimler buying shares in Renault.

The cooperation between both companies has been very discreet in Nbeorth America since the only car models that came of it were the Mercedes-Benz GLA and the Infiniti QX30, which were closely related.

In Europe, however, the collaboration was more evident with a few models that were shared between the brands, especially in the commercial operations of Mercedes.

One of the latest such shared models is the Mercedes-Benz Citan, a light duty compact delivery van that is little more than a rebadged Renault Kangoo.

Both entities also shared technologies, with some Infiniti models being powered by Mercedes diesel engines in Europe and some also using the German company’s 9-speed transmission.

The arrest of Carlos Ghosn, the former CEO of Renault-Nissan, back in 2018 has apparently motivated the companies to abandon the partnership.

In March of 2021, Renault sold its participation in Daimler, followed by Nissan in May, whose shares were worth $1.2 billion.

Daimler is about to launch an offer to investors in order to sell the entirety of its 9.2 million shares in Renault, which are said to be worth around $364 million.

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