RENAULT-NISSAN AND DAIMLER EXPAND SCOPE OF COLLABORATION

- Renault-Nissan and Daimler partner on fuel-efficient engines and transmissions

- Original projects remain on track as partnership expands globally

 

PARIS, France (Sept. 28, 2012) — Daimler and the Renault-Nissan Alliance are collaborating on two new projects to accelerate development of fuel-efficient powertrains.

Renault-Nissan CEO Carlos Ghosn and Daimler CEO Dieter Zetsche confirmed the new projects Friday in an annual media update about the Franco-Japanese-German partnership.  

The new engine project is a jointly developed 4-cylinder gasoline engine family co-led by Renault and Daimler. The direct-injection turbocharged engine will feature state-of-the-art technology in a compact package. It targets a significant improvement in fuel economy as well as low emissions.

Daimler CEO Dieter Zetsche and Renault-Nissan Alliance CEO Carlos Ghosn at joint press conference in Paris. Credits: Stephane Foulon.

The companies expect to jointly manufacture the new engines. They will debut in Daimler and Renault and Nissan vehicles in 2016.

In the new transmission project Daimler grants Nissan a license to manufacture automatic transmissions using Daimler´s latest transmission technology for Nissan and Infiniti vehicles starting in 2016.

Nissan subsidiary Jatco is planning to manufacture these newly licensed gearboxes in Mexico. The new transmission will feature "start and stop" and "park and shift by wire” technologies.

“These new components demonstrate how broadly and rapidly our collaboration is proliferating – while all the time remaining rooted in specific projects that give tangible benefits to our customers,” Ghosn said. “The relationship is expanding organically and logically.”

“The collaboration achieved a milestone this year, with the first vehicles and engines from the partnership now on the roads,” Zetsche said. “Furthermore, all our engineers are keeping an open mind, looking with fresh eyes at all potential new areas of collaboration.”  

Ghosn and Zetsche confirmed that all of the original “pillar projects” announced in 2010 have been accomplished or are on track. The companies are also moving forward with discussions on fuel-cell vehicle powertrains, and they are working on a cross-supply program for battery and powertrain components of zero-emission versions of their small cars.

MEDIA CONTACTS:

Marc Binder
Daimler Cooperation Communications                            
Daimler AG                                                      
+49 (0)711 17 41349                                  
marc.binder@daimler.com

Christoph Horn
Product Communications
Mercedes-Benz Cars
+49(0)711 17 75841
Christoph.horn@daimler.com

Rachel Konrad
Renault- Nissan Alliance Communications
+33 6 17 62 01 72
rachel.konrad@renault.com

ABOUT RENAULT-NISSAN ALLIANCE:

The Renault-Nissan Alliance is a strategic partnership between Paris-based Renault and Yokohama, Japan-based Nissan, which sell one in 10 cars worldwide. Renault and Nissan have been strategic partners since 1999 and sold 8.03 million cars in nearly 200 countries in 2011. The Alliance operates strategic collaborations with numerous automakers, including Germany’s Daimler, China’s Dong Feng and regional manufacturers such as Ashok Leyland in India.

www.media.renault.com
www.nissan-newsroom.com/EN/
http://blog.alliance-renault-nissan.com

ABOUT DAIMLER

Daimler AG is one of the world’s most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides financing, leasing, fleet management, insurance and innovative mobility services.The company’s founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As a pioneer of automotive engineering, Daimler continues to shape the future of mobility today: The Group’s focus is on innovative and green technologies as well as on safe and superior automobiles that appeal to and fascinate its customers. For many years now, Daimler has been investing continually in the development of alternative drive systems with the goal of making emission-free driving possible in the long term. So in addition to vehicles with hybrid drive, Daimler now has the broadest range of locally emission-free electric vehicles powered by batteries and fuel cells. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment. Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities on five continents. Its current brand portfolio includes, in addition to the world’s most valuable premium automotive brand, Mercedes-Benz, the brands smart, Maybach, Freightliner, Western Star, BharatBenz, Fuso, Setra and Thomas Built Buses. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In 2011, the Group sold 2.1 million vehicles and employed a workforce of more than 271,000 people; revenue totaled €106.5 billion and EBIT amounted to €8.8 billion.

Further information on Daimler is available on the Internet at: www.media.daimler.com

This document contains forward-looking statements that reflect our current views about future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “should” and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including a lack of further improvement or a renewed deterioration of global economic conditions, in particular a renewed decline of consumer demand and investment activity in Western Europe or the United States, or a downturn in major Asian economies; a continuation or worsening of the tense situation in the credit and financial markets, which could result in a renewed increase in borrowing costs or limit our funding flexibility; changes in currency exchange rates or interest rates; the ability to continue to offer fuel-efficient and environmentally friendly products; a permanent shift in consumer preference towards smaller, lower margin vehicles; the introduction of competing, fuel-efficient products and the possible lack of acceptance of our products or services, which may limit our ability to adequately utilize our production capacities or raise prices; price increases in fuel, raw materials and precious metals; disruption of production due to shortages of materials, labor strikes, or supplier insolvencies; a further decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization programs at all of our segments, including the repositioning of our truck activities in the NAFTA region and in Asia; the business outlook of companies in which we hold an equity interest, most notably EADS; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety, the resolution of pending governmental investigations and the outcome of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading “Risk Report” in Daimler’s most recent Annual Report and under the headings “Risk Factors” and “Legal Proceedings” in Daimler’s most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission. If any of these risks and uncertainties materialize, or if the assumptions underlying any of our forward-looking statements prove incorrect, then our actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made.

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