Again, Renault and Daimler are reported to having a serious tête-à-tête that could lead to a formal marriage. According to the Financial Times, “Daimler and Renault are discussing acquiring mutual equity stakes as part of a possible alliance that would go beyond their current talks on small cars.” Their source? “Two people briefed on the matter.”
Stakes to be bought or swapped were likely to be smaller than 10 per cent.
Reuters quotes Sandford Bernstein analyst Max Warburton who believes that the firms are discussing: a “much wider and formal level of co-operation across products and technologies. Sources report Ghosh is trying to persuade Zetsche to join the Renault-Nissan Alliance, via an equity investment or swap, while Zetsche would prefer a simple joint venture.”
Reuters thinks the tie-up would make sense: “Renault-Nissan lacks top of the line cars, despite attempts with the Safrane, Vel Satis or Korean-built Samsung models, while Mercedes seeks smaller cars beyond the A-Class and Daimler’s Smart vehicles.”