alliance

New Deal Means Infiniti Will Get Mercedes Power

New deals, mergers and joint ventures are constantly being brokered in the automotive industry. And many of them involve Mercedes-Benz parent company Daimler. The ink on the German automaker's divorce from Chrysler is barely dry, and they recently penned a cooperative deal with Aston Martin. But now another could see increased cooperation between two of the world's biggest players.

The deal has been signed between Daimler chairman Dr. Dieter Zetsche and Carlos Ghosn, who presides over the Renault-Nissan Alliance, including their luxury division Infiniti. The partnership will allow both to benefit from each other's strengths in a variety of ways. Among the first will see four-cylinder Mercedes engines transplanted into the Infiniti G range. Both automakers note that, while their products compete in the same arena, customers don't typically comparison shop between these two brands specifically.

Gallery: 2010 Infiniti G37 Sedan

Tags: alliance, carlos ghosn, daimler, dieter zetsche, dr dieter zetsche, infiniti, infiniti g, infiniti g37, luxury cars, mercedes, mercedes-benz, nissan, renault, renault-nissan alliance

Colibri Brands Find New Homes

by Deidre Woollard (RSS feed) —

Filed under: Jewelry, Timepieces / Watches

The Colibri brands will live on. Colibri went into receivership with the State of Rhode Island in January and immediately closed its doors and laid off all workers. The Colibri Group is most well-known for their lighters but the brand also manufactured and marketed other brands including Seth Thomas, Dolan Bullock and Krementz. The company sold its assets at auction on March 19 and found two main buyers.

Watch distributor Alliance Time picked up the Colibri, Seth Thomas and Linden Clocks brands for $2.3 million. Alliance is asking former Colibri employees to contact them about potential work.

National Jeweler reports that online jewelry auction site Bidz.com paid $6 million for jewelry lines manufactured by Colibri, including the Krementz, Princess Pride, Darling Diamonds and Dolan Bullock brands.

Source

Tags: alliance, bidz, colibri