Bloomberg News

Nissan to Bolster Ties With Daimler After Engines, Ghosn Says

January 09, 2012

(For coverage of the Detroit auto show, see SHOW <GO>.)

Jan. 9 (Bloomberg) -- Nissan Motor Co. Chief Executive Officer Carlos Ghosn said he expects further collaboration with Daimler AG after the two companies agreed to bolster their existing partnership.

“You’re going to see more collaboration in different geographical zones, around capacities, around platforms, around engines,” Ghosn, who’s also chief executive officer of Renault SA, said today in an interview at the North American International Auto Show in Detroit, referring to future projects with Daimler. “You’re going to see more of this coming.”

Japan’s second-largest carmaker and Stuttgart, Germany- based Daimler said yesterday they agreed to build some engines that will go into Mercedes-Benz and Infiniti vehicles. The accord bolsters the partnership they started in 2010 to share development costs, engines and small-car technologies to take on Volkswagen AG and Toyota Motor Corp.

Ghosn said Renault-Nissan and Daimler don’t need to expand their stakes in each other and aren’t currently in talks to change their current arrangement.

Separately, he said the company may announce details of capacity expansion in Mexico within “weeks” and that the company is planning to double sales of Nissan’s Leaf electric vehicle this year after selling about 21,000 units in 2011.

--Editors: Jamie Butters, Young-Sam Cho

To contact the reporters on this story: Young-Sam Cho in Seoul at ycho2@bloomberg.net; Alan Ohnsman in Los Angeles at aohnsman@bloomberg.net

To contact the editor responsible for this story: Jamie Butters at jbutters@bloomberg.net


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