Mercedes and Volvo can team up to develop ICEJanuary 6, 2020
Volvo Geely owns nearly 10% of the parent company Mercedes Daimler.
A growing number of automakers are investing heavily in electrification, so they are constantly looking for ways to reduce costs in other areas to finance electric vehicles. Daimler and Geely have joined forces to create a 50:50 joint venture and develop a new generation of Smart electric cars, and now this relationship will become even stronger.
According to information from a foreign publication, Daimler is in talks with Volvo on cooperation in the development of internal combustion engines. The head of the Swedish brand admitted that although negotiations with Daimler were completed, the final decision has not yet been made. A company spokesman added that it was too early to detail Volvo’s future plans and draw final conclusions.
Daimler Press Center declined to share details about the new potential partnership, noting only that the current relationship is “developing positively.” Geely previously increased its stake in Daimler to almost 10% and already owns Lotus, which will help future Volvo models get a suspension system tuned by talented Norfolk engineers.
Daimler has about a dozen projects with the Renault-Nissan-Mitsubishi alliance, including several small-volume petrol and diesel power units for Mercedes compact cars, as well as an X-Class factory in Navara, a production in Mexico and Twingo / ForFour city cars. For example, the small Citan van is a disguised Kangoo, while the Infiniti Q30 and QX30 are largely based on the Mercedes A-Class and GLA, respectively.
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