It looks like the big boys are teaming up. The new partnership between Daimler, Nissan and Renault is the largest seen in the automotive world for some time. It includes mutual equity stakes, joint production of vehicles as well as the sharing of technology, which definitely has auto transport companies ready to go. New technology has always been a top priority in the auto industry, and with three of the biggest names in the auto industry, the consumer could be seeing a number of interesting products.

This is only the latest step in the consolidation of auto makers across the world, but hardly the last. The venture will be producing new models of hybrids as well as clean diesel vehicles in an effort to compete with Toyota’s extraordinary success in the high-efficiency vehicle market. The partnership will also help the companies financially by giving them more production facilities as well as filling up old ones that were operating below capacity.