Renault-Nissan, Daimler eye joint venture in Mexico

GMT 08:49 2014 Thursday ,26 June

Arab Today, arab today Renault-Nissan, Daimler eye joint venture in Mexico

Renault and Nissan auto plant in Chennai
Frankfurt - AFP

Carmakers Renault-Nissan and Daimler are to join forces to build small cars in Mexico, a source close to the negotiations told AFP on Thursday.
The joint production activities "will not involve big cars and will be in Mexico," the source said.
Contacted by AFP, a spokesman for Daimler, which owns the Mercedes-Benz brand, declined to comment, but said the Franco-Japanese and German groups were scheduled to hold a joint news conference on Friday.
Daimler chief Dieter Zetsche and his counterpart at Renault-Nissan, Carlos Ghosn, would "present a new cooperation project, the biggest so far in the long-running collaboration between the two groups," according to the invitation to the conference.
Japanese daily Nikkei recently reported, without revealing its sources, that the two automakers were on the point of signing a deal to build new luxury small cars at a production line in Nissan's Mexican plant.
The newspaper said production would begin in 2017.
The two groups have collaborated since April 2010.

Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab