Heads of both corporations have already expressed their interest in the partnership for the future of motoring.
The collaboration between Toyota and Daimler would be the first project of this scale between the two manufacturers.
Fuel cells use a reaction between oxygen and hydrogen in order to produce electricity in a process that does not emit gases that contributes to the global warming.
Toyota staff estimated that it will go another 10 years before this technology will be offered to the public.
Toyota is investigating the fuel cell technology since 1992, while Daimler made the first steps in this area in 1994.
The German manufacturer has already invested over one billion euros in the project that develops this technology for series production.
Image source: swipelife.com/
Egyptian authorities accuses Daimler of the same unorthodox behavior, the justice bodies following to investigate in the next period several cases of bribery.
In a press release issued by the Egyptian prime minister’s office it shows that “Ahmed Nazif, the Premier of the Pharaohs Countries, has decided to instruct the public prosecutor Abdel Meguid Mahmoud, with investigating any bribery attempts of several employees in Egypt, by the car manufacturer Daimler Mercedes-Benz”.
Daimler announced that it reached settlements with both the U.S. Securities and Exchange Commission and the U.S. Department of Justice.
Moreover, charges filed against Daimler included bribery of government officials in Russia, Turkey, Egypt, Iraq, Nigeria, and several other countries. According to the Department of Justice, these contracts were reportedly worth hundreds of millions of dollars.
To make amends for its actions, Daimler will pay a $93.6 million fine to the Department of Justice for violating the agency’s books and records regulations bringing Daimler’s total penalty to $185 million.
“Compliance has high priority at Daimler,” said Dr. Dieter Zetsche, chairman of Daimler’s board of management, in a statement regarding the settlement. “We have learned a lot from past experience. Today, we are a better and stronger company, and we will continue to do everything we can to maintain the highest compliance standards.”
Under the deferred prosecution agreements reached with the U.S. government, all of the charges will be dropped in two years if Daimler doesn’t incur any further violations in the same time period.
Image source: automobilemag
The Japanese would benefit of more powerful engines of the Germans and the Mercedes electric technology and the lithium-ion batteries of the Japanese.
Japanese press rumors these days about a possible collaboration between Nissan and Daimler.
It appears that the partnership will help both sides to develop in the future, but on different sectors.
Specifically, Nissan needs larger engines, which Mercedes can offer, thanks to the work of the AMG performance division.
Mercedes is interested in electrical technology that Nissan has and the lithium-ion batteries used to power the series model Leaf.
Daimler is in advanced talks with Nissan’s alliance partner as Renault, which means that Germans could sign a contract with the entire conglomerate headed by Carlos Ghosn.
The Nissan spokesman declined on commenting on rumors published in the press, but experts expect that Ghosn to come out with statements regarding the progress of negotiations in the coming weeks.