Nissan, Daimler in talks to swap engines, electric vehicles

[Blackseal]

According to a recent report, Nissan and Daimler are discussing swapping engines and electric vehicle technology.

 

While details are limited, Japan's Nikkei business daily said Nissan wants "large" engines from Daimler. In exchange, Nissan would provide Daimler with electric vehicles, batteries, and/or equity. The paper added Daimler is already in talks with Renault, so discussions would likely be expanded into three-way negotiations.

 

Later this week, Renault-Nissan CEO Carlos Ghosn will brief executives on the details of the proposed partnership talks. If everything goes according to plan, three-way negotiations will occur shortly.

 

The report also stated Daimler is eager to reach a deal before their general shareholders meeting on April 14. While no reason was cited, the paper said Daimler wants to be cautious about entering another capital tie-up.