News Scan: Daimler AG Plans Cooperation Deal With Auto Group Fiat
Oct 10, 2007
Leading German car maker Daimler AG is holding talks with Italian auto group Fiat in a bid to forge a cooperation deal between the two companies, an automotive magazine reported Tuesday.
This includes a new partnership arrangement for the next generation A and B class of the luxury Mercedes Benz car, which is the flagship of the Stuttgart-based Daimler group, the German magazine Auto Motor and Sport reported quoting company officials. MonstersandCritics.com
Daimler’s chief executive has talked personally with Fiat’s CEO Sergio Marchionne about setting up a cooperation that could help the German carmaker produce compact cars more cheaply, it said.
The Italian carmaker would at the same time benefit from Daimler’s expertise in the mid-range car segment, it said.
Daimler is also still in talks over a possible cooperation with Bayerische Motoren Werke AG that would see it using the Mini model’s platform for its new A-class model coupes and convertibles, while offering the Smart model’s rear-wheel-drive platform for a new city-car model, the magazine said. Forbes.com
