Daimler AG and Renault-Nissan Alliance Receive Award for Cooperation

They first stepped in each other's backyards in 2010, with Daimler now having a 3.2 percent share in Renault and Nissan, which in turn each own a 1.55 percent share in Daimler.
Jacques Verdonck, Renault-Nissan Alliance Director for the Strategic Cooperation with Daimler, and Gero Herrmann, Senior Vice President Cooperation Coordination Renault-Nissan. 1 photo
Since they first joined forces, the partnership between the two car giants has expanded quite significantly, with the the Franco-German Chamber of Commerce and Industry recently honoring them with an award in the “Industrial Cooperation” category.

“By every objective measure, this cooperation is one of the most productive in the auto industry, enabling all partners to increase economies of scale while keeping our brands and products distinct,” said Carlos Ghosn, chairman and CEO of the Renault-Nissan Alliance.

“The partnership has grown substantially beyond its initial scope,” added Dieter Zetsche from behind his majestic mustache. “What started as a cooperation with projects focused primarily on small cars in Europe is now a diverse portfolio of projects globally, and we see no barriers to future growth.”

The strategic partnership is managed by a Cooperation Committee which is headed by both Ghosn and Zetsche and consists of senior executives from Renault, Nissan, the Renault-Nissan Alliance and Daimler AG.


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