Daimler and Renault-Nissan recently announced an equity exchange and a "broad strategic cooperation" that is expected to produce benefits in short order. One area of cooperation will be a jointly developed common architecture for small cars. Specifically, the joint architecture will be used for the successor to the current for two from Daimler's Smart unit, for a new smart four-seater, and for the next-generation Renault Twingo. All vehicles will clearly differ from each other in terms of product design. One main characteristic of the new architecture will be the unique rear-wheel-drive concept used by current Smart vehicles. The launches of the jointly developed models are planned for 2013 onward. The strategic cooperation also calls for the sharing of diesel and gasoline engines between the two companies, as well as future joint engine development. The benefits of cooperation in the areas of vehicles and engines extend to plant capacity utilization. Other areas of cooperation include light commercial vehicles, vehicle components and modules, and technologies related to batteries and electrified vehicles.