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Daimler and Renault-Nissan - great sales and savings potential: two billion euros advantage in five years

Daimler
Daimler and Renault-Nissan - great sales and savings potential
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Renault-Nissan CEO Carlos Ghosn put the net value of the synergies with Daimler at two billion euros over the next five years. Daimler boss Dieter Zetsche sees an effect of the same magnitude for the Stuttgart company.

Additional sales potential secures jobs

Ghosn added that half of the synergies would be shared between Renault and Nissan. The managers did not want to break down the planned savings into individual areas. 'We think about the work that lies ahead of us and not about the accounting,' said Zetsche.

The cooperation will only have positive effects on the employment of the two groups. Works are not played off against each other, emphasized Zetsche. Rather, jobs would be secured by the additional sales potential.

The alliance was underpinned by a cross-shareholding of 3.1 percent each - with Renault and Nissan each holding 1.55 percent in Daimler. The partners have agreed for the next five years that they will not sell the shares they have now acquired. An increase in the shares was also excluded for this period.

Existing cooperations remain unaffected

E ine cooperation in the Formula 1 is not planned. 'But I am very pleased,' said Ghosn, 'that the first six places in the last race were equipped with Mercedes or Renault engines.'

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