Nissan may take part in Renault/Daimler tie-up

Renault and Daimler have been in talks of entering into an equity tie-up a spart of a long-term partnership, and now Nissan may join the table.

“We are talking with many companies, many partners but I don’t want to make any comment on something that is absolutely not decided or something which has absolutely not been the object of any decisions,” said Renault CEO Carlos Ghosn, who also heads Nissan, as the two have a strong alliance.

Renault seeks to augment its lack of top-of-the-line cars while Daimler look to add smaller cars. Sources say that Ghosn is trying to persuade Dieter Zietsche, CEO of Daimler, to join the Nissan-Renault alliance, though Zietsche may be a little reluctant given the turbulence he encountered as a result of a similar venture with Chrysler.

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– By: Stephen Calogera

Source: Automotive News (Subscription Required)