Deal is done. Tech gets shared, Daimler (parent company of Mercedes-Benz) gets 3.1 percent each of Renault and Nissan...Renault and Nissan each get 1.55% of Daimler.
One idea is to make all flagship S-Class models, including the high-performance AMG models, hybrid-only, beginning with the next generation which hits Europe in 2013 and the U.S. in 2014.
But Automotive News says Mercedes-Benz dealers in the U.S. aren't happy with that idea at all.
The boards of the two automakers are going over the details of a plan to share technology as well as stakes in each other's companies. Net result: A family relationship between Renault, Nissan, Mercedes-Benz and smart.
The United States Justice Department has filed charges against Daimler AG, maker of Mercedes-Benz automobiles, alleging a "long-standing practice of paying bribes to foreign officials."
The feds say at least 22 countries were involved over a ten-year span and hundreds of payments to foreign officials worth tens of millions of dollars.