At a news conference in Brussels, Belgium this morning, Daimler AG and the Renault-Nissan alliance officially announced that the three automakers would collaborate on future products and each would exchange shares in the other companies. The deal has been rumored for months and Daimler has been looking for years for a partner to help spread out the costs of small car development.
The Renault-Nissan alliance is pushing forward perhaps harder than any other established automaker with its electric vehicle efforts. Between the French and Japanese, brands they plan to have as many as eight different battery electric vehicles in production in the next few years. In order to make sure that there is a demand for these zero emissions vehicles, the companies are actively involved in promotional and educational programs for the environment and more friendly vehicles.