Daimler, Nissan confirm North American joint venture

|About: Daimler AG (DDAIF)|By:, SA News Editor

Confirming earlier reports, Daimler (DDAIF) and Nissan (NSANY) have completed a deal establishing a 50-50 joint venture at a Nissan plant in Mexico.

Since 2010, Mercedes, Nissan and Renault (RNSDF) have shared engines, plants and vehicle architectures, and the new agreement further forges the German automaker's bond with the Renault-Nissan alliance.

Advantages of the venture include expanding Nissan's Infiniti models by adding more shared Mercedes parts, and Daimler can now set up a North American production line for its "MFA" vehicle architecture, while lowering development costs.

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