Nissan is halting joint development of luxury cars with Daimler’s Mercedes-Benz. Nissan decided in October its premium Infiniti brand would not use “MFA2”, an upgraded Daimler car platform that the companies have jointly funded, in part because Infiniti was not performing well enough to absorb Mercedes technology costs.
It could also ultimately force Nissan to write down part of a 250 million pound ($306 million) investment at its UK plant that included Mercedes-based tooling.