Exclusive Exclusive: Renault-Nissan and Daimler Plan to Deepen Cooperation

French-Japanese carmaker Renault-Nissan and Germany’s Daimler plan to expand a partnership that could include both carmakers taking additional stakes in each other’s business. “Nobody knows where this will end,” Jacques Verdonck, Renault-Nissan’s manager in charge of the alliance since 2010, told Handelsblatt when asked if the symbolic 3.1-percent stake the two companies currently hold in each other could be increased. Whether or not the stake is increased, Mr. Verdonck said the partnership has been far more successful than both sides had imagined and would be deepened in the coming years. “There are no taboos,” he said, adding that ideas for additional cooperation are regularly being reviewed by both sides. Among the new projects being considered is a collaboration on electric cars. “Every car manufacturer is thinking about the next generation of e-cars, and that is a topic that we could handle in a partnership,” said Mr. Verdonck. Thirteen joint projects are already running between the two carmakers, including joint development of Smart/Twingo compact cars and a joint factory venture in Mexico to build premium cars. The two chief executives, Carlos Ghosn of Renault-Nissan and Dieter Zetsche of Daimler, also meet once a month to discuss the cooperation.   Read the full story in Thursday’s Handelsblatt Global Edition at 12:00 CET. Photo: Dieter Zetsche of Daimler and Carlos Ghosn of Renault-Nissan. Source: Reuters