Collaboration between Daimler and Renault-Nissan advances globally, CEOs say

 Collaboration between Daimler and Renault-Nissan advances globally, CEOs say

PR Newswire

FRANKFURT, Germany, Sept. 11, 2013



FRANKFURT, Germany, Sept. 11, 2013 /PRNewswire/ --

  oPortfolio of jointly developed major projects has jumped from three to ten
  oNissan and Daimler have completed factory building for the joint
    production of engines in the USA

The chief executives of the Renault-Nissan Alliance and Daimler AG said today
that their companies' partnership is advancing quickly, and the scope of the
collaboration is increasingly global.

(Logo: http://photos.prnewswire.com/prnh/20080409/NYW017LOGO )

The French-Japanese-German partnership began in April 2010, with three "pillar
projects" primarily focused on Europe. Since then, the portfolio has increased
to ten significant projects, including major initiatives from North America to
Japan. In addition, relevant business units are working together in
best-practice sharing and other forms of cooperation.

"While our initial collaboration focused strongly on European projects, we are
now focusing on synergies in all key markets", Renault-Nissan Chairman and CEO
Carlos Ghosn said today at an annual media briefing on the partnership. "The
largest economies of scale are always global."

"We will continue to seek out new projects together that make sense for all
partners and, most importantly, our customers", Daimler CEO and Head of
Mercedes Benz Cars Dieter Zetsche said.

The CEOs cited the joint production of Mercedes-Benz four-cylinder gasoline
engines in Decherd (Tennessee, USA) as a good example of how the partners
profit from the cooperation. Just one and a half years after the
groundbreaking in May 2012, the factory building for the joint production of
Mercedes-Benz four-cylinder gasoline engines is now complete. Production
machinery is now being installed and the start of production is planned for
mid-2014. The engines produced in Decherd will then be used in the
Mercedes-Benz C-Class, which is produced at the Daimler plant in Tuscaloosa
(Alabama, USA), and in new Infiniti products.

Joint development work is also proceeding on schedule for a new family of
shared three- and four-cylinder gasoline engines with turbocharging and direct
fuel injection. The engines will make use of the latest technology and will
have significantly improved fuel consumption.

Another example of the successful cooperation on engine development is the new
Infiniti Q50, which was presented in Geneva this spring and will be available
as of the fall. It is the first Infiniti automobile to have a powertrain
comprising a diesel engine and automatic transmission from the cooperation
with Daimler.

The first vehicles resulting from the collaboration, including the
Mercedes-Benz Citan van, are already on the road. In addition, Infiniti will
offer a vehicle using components from Daimler's compact car architecture
starting 2015. The components will be used in a brand specific way. The Q30
concept car can be seen for the first time at the Frankfurt Motor Show.

The cooperation is continuing also in the field of commercial vehicles. It is
planned that the unit of Daimler Trucks Asia, Mitsubishi Fuso Truck and Bus
Corporation (MFTBC), will be supplied with Nissan's NV350 Urvan commercial
vans to be sold under Mitsubishi Fuso in selected export markets.

This type of strategic supply has been successfully implemented since early
2013 also for light-duty trucks to expand their respective product portfolio
into new segments: the FUSO Canter Guts light-duty truck (payload: 2.0 tons)
is supplied to Nissan and the Nissan Atlas F24 light-duty truck (payload 1.5
tons) is supplied to Mitsubishi Fuso. This cross-supply volume initially
amounts to about 1,300 units for the Japanese market.

The smart/Twingo project is also progressing as planned. Production will begin
soon on the new two-seater smart at the smart plant in Hambach (France) and of
the four-seater smart and the Renault Twingo successor model at the Renault
plant in Novo Mesto (Slovenia). Market launch of the model versions is planned
for the second half of 2014. The new generations of the smart and the Renault
Twingo are being developed on the basis of a shared architecture, but will
remain independent products with an unmistakable brand appearance. A show car
of the new smart four-seater ("smart fourjoy") was presented at the Frankfurt
Motor Show this Monday.

ABOUT THE RENAULT-NISSAN ALLIANCE

The Renault-Nissan Alliance is a strategic partnership between Renault (based
in Paris, France) and Nissan (based in Yokohama, Japan), which together sell
one in ten cars worldwide. Renault and Nissan have been strategic partners
since 1999 and sold 8.1 million cars in nearly 200 countries in 2012. The
Alliance operates strategic collaborations with numerous automakers, including
Germany's Daimler, China's Dong Feng, and with regional manufacturers such as
Ashok Leyland in India.

www.media.renault.com
www.nissan-newsroom.com
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, 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 2012, the Group sold 2.2 million vehicles and employed a
workforce of 275,000 people; revenue totaled €114.3 billion and EBIT amounted
to €8.6 billion.

Further information on Daimler is available at www.media.daimler.com and
www.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 an adverse development
of global economic conditions, in particular a decline of demand in our most
important markets; a worsening of the sovereign-debt crisis in the euro zone;
a deterioration of our funding possibilities on the credit and financial
markets; events of force majeure including natural disasters, acts of
terrorism, political unrest, industrial accidents and their effects on our
sales, purchasing, production or financial services activities; changes in
currency exchange rates; a shift in consumer preference towards smaller, lower
margin vehicles; or a possible lack of acceptance of our products or services
which limits our ability to achieve prices as well as to adequately utilize
our production capacities; price increases in fuel or raw materials;
disruption of production due to shortages of materials, labor strikes, or
supplier insolvencies; a decline in resale prices of used vehicles; the
effective implementation of cost-reduction and efficiency-optimization
measures; the business outlook of companies in which we hold a significant
equity interest; the successful implementation of strategic cooperations and
joint ventures; 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 conclusion 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. If any of these risks and uncertainties
materialize, or if the assumptions underlying any of our forwardlooking
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.

SOURCE Daimler Corporate Communications

Website: http://www.daimler.com
Contact: Thomas Froehlich, +49 711 17 41361 (Daimler AG), or Han Tjan, +1 212
909 9063, or Mia Nielsen, +33 6 10 83 31 33 (Renault-Nissan Alliance)