Tuesday, 10 January 2012

Nissan and Daimler collaborate to produce engines at Tennessee plant for Mercedes Benz cars



Mercedes-Benz and the Renault-Nissan Alliance are expanding their collaboration, with the production of Mercedes-Benz four-cylinder gasoline engines at Nissan's Decherd plant in Tennessee in 2014 for the new C-Class and future Infiniti models.

The partners will have capacity to make 250,000 engines per year once the plant runs at full production. The Decherd plant will produce engines for Mercedes-Benz and Infiniti models.

“This is the newest milestone in our pragmatic collaboration and our most significant project outside of Europe so far,” said Renault-Nissan CEO Carlos Ghosn. “Localized capacity reduces exposure to foreign exchange rates while rapidly enabling a good business development in North America.”

Daimler and the Renault-Nissan alliance began working together in April 2010, with an equity exchange that gives Renault-Nissan a 3.1% stake in Daimler and Daimler a combined 3.1% interest in Renault and Nissan.

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