Mercedes-Benz parent company Daimler sells its Renault shares. Renault also sold its stake in Daimler earlier this year. However, the collaboration does not seem to be coming to an end yet.
Daimler and Renault have been working together for many years, which resulted in an interest of both parties in each other’s company more than ten years ago. However, Renault sold all its shares in Daimler at the beginning of this year and now it is happening the other way around. News agency reports that Bloomberg. Daimler had had an interest in Renault for more than ten years, up to now about three percent, good for a value of roughly €300 million.
Earlier this year, Renault emphasized when selling its share in Daimler that it does not mean that the two parties will also end their cooperation. As far as is known, this will not change with the sale of Renault shares by Daimler. Not much is known about what the cooperation will look like in the future, but for now there will be deals in the motorcycle and commercial vehicle area.
The most recent fruit of the collaboration is the new Mercedes-Benz Citan. The Mercedes-Benz EQT will also eventually appear, a fully electric and luxuriously decorated passenger bus that, like the Citan, shares its base with the – in this case electric – new Renault Kangoo. The previous generation of both the Citan and Kangoo was also the result of the collaboration, as well as the use of Renault power units in Mercedes compact models. Renault’s alliance partner Nissan also joined the partnership between the two concerns, because it lent the Nissan Navara to Mercedes-Benz as the basis for the – otherwise less successful – X-class. Nissan also sold its stake in Daimler earlier this year.
– Thanks for information from Autoweek.nl