3 Carmakers Said to Be Close to a Technology Alliance
PARIS — In the latest sign of auto industry consolidation, three companies — Daimler, Renault and Nissan — are expected to announce an alliance as soon as Wednesday under which they would cooperate on technology and take small stakes in one another The New York Times reported.
Negotiations, which began with the companies seeking ways to share development costs for Daimler’s Smart cars and Renault’s Twingo line, have been extended to include joint development of smaller engines and collaboration on light commercial vehicles, a person briefed on the matter said Tuesday.
Daimler also might supply larger engines for its new partners, said the person, who asked not to be identified because a deal is contingent on the approval of the companies’ boards. The three companies issued a statement Tuesday announcing a joint news conference for Wednesday morning in Brussels, at which Dieter Zetsche, chairman of the Daimler board, and Carlos Ghosn, chairman and chief executive of both Renault and Nissan, will speak. They did not disclose the topic.
The French industry minister, Christian Estrosi, said at a news conference in Paris that the Daimler and Renault boards were meeting Tuesday to discuss the alliance. Mr. Estrosi said the French government, which holds 15 percent of Renault, approves of the deal, but the government must remain the company’s top shareholder and the effect on employment at the company must be “positive.”
Renault, Daimler and Nissan all declined to comment.
The global auto industry continues to muddle through a slump that began when the global economy went into a tailspin in 2008. Since then, General Motors has gone into and out of bankruptcy, Fiat has taken control of Chrysler and Volkswagen has teamed up with Suzuki, a Japanese small-car specialist.
The German newsmagazine Der Spiegel reported this week that before agreeing to the Nissan-Renault alliance, Daimler had sounded out Volkswagen, Toyota and B.M.W. The company declined to comment on the report.
Nissan and Renault explored a partnership with General Motors in 2006, but the talks fell apart after G.M. demanded that the other companies pay billions of dollars to participate. G.M. argued that Renault and Nissan would have received benefits worth three or four times more than G.M.
Nissan and Renault have also showed interest in allying with the Ford Motor Company, but by the time the talks with G.M. ended, Ford executives were no longer interested. Mr. Ghosn had made it clear at that time that he wanted a North American ally, though he put a search for a partner on hold and said the companies needed to focus on improving their own finances first.
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →