Cooperation of Daimler and Renault-Nissan Alliance Continues to Accelerate

PARIS, October 3, 2014 /PRNewswire/ --

- CEOs say partnership will continue expanding, and all projects are on track 

- Original project portfolio has quadrupled to 12 projects across three continents  

- New Renault Twingo, smart fortwo and smart forfour launch this fall represent the first vehicles fully co-developed from scratch 

- Mitsubishi Fuso and Nissan sign contract for supply of Fuso Canter Van for export markets 

The Renault-Nissan Alliance and Daimler AG enjoy a long-term and stable future, and all of their shared projects remain on track, the companies' CEOs told journalists today in their annual media update at the Paris Motor Show.

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Renault-Nissan and Daimler launched their partnership in 2010. The scope of the original collaboration in 2010 was limited to three projects primarily in Europe. The combined portfolio shared between Renault-Nissan and Daimler has since quadrupled to 12 projects in Europe, Asia and North America.

"The global scale of our projects ensures that this collaboration will continue to grow, and we expect to remain partners for the long run," said Renault-Nissan CEO and Chairman Carlos Ghosn. "This partnership has accelerated the time-to-market for significant vehicle launches and has been an obvious strategic advantage for Renault and Nissan. We remain confident about our relationship for the foreseeable future."

"Since its start in 2010, this cooperation has delivered what it has promised, and even more. And that's how we will continue to work together in the future - with joint projects that establish a win-win situation for all partners involved and create value for our customers worldwide. This is definitely a track record to be continued," said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

The CEOs' comments come as the Renault-Nissan Alliance and Daimler get ready to launch their first vehicles co-developed from scratch this autumn: the new Renault Twingo and the new smart fortwo and smart forfour. The Renault Twingo went on sale in Europe in September, while the smart fortwo and smart forfour will go on sale in November. The city cars are built on a jointly developed rear-wheel-drive architecture which involved teams from both sides working closely together these last four years.

Full press release available here.

Contact:
Thomas Fröhlich, Daimler AG
phone: +49-711-17-41361; email: thomas.f.froehlich@daimler.com
Mia Nielsen, Renault-Nissan Alliance
phone: +33-(0)6-10-83-31-33; email: mia.nielsen@renault.com