Renault-Nissan Alliance and Daimler AG announced their annual media update during the 2014 Paris Motor Show. The CEOs of the two companies said their partnership will continue to expand and all projects are on track.

“The global scale of our projects ensures that this collaboration will continue to grow, and we expect to remain partners for the long run,” said Renault-Nissan CEO and Chairman Carlos Ghosn.

The partnership between the two companies began in 2010 where the scope of their collaboration was limited to three projects primarily in Europe. The combined portfolio shared between Renault-Nissan and Daimler AG has since quadrupled to 12 projects in Europe, Asia and North America.

“Since its start in 2010, this cooperation has delivered what it has promised, and even more. And that’s how we will continue to work together in the future – with joint projects that establish a win-win situation for all partners involved and create value for our customers worldwide,”said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

Ghosn and Zetsche also said that Renault-Nissan Alliance and Daimler AG are all set to launch their first co-developed vehicles which are the Renault Twingo, Smart fortwo and forfour. The Renault Twingo went on sale in Europe in September while the Smart fortwo and forfour will go on sale in November.

Last June 2014, Nissan and Daimler agreed to jointly develop premium compact vehicles that will be manufactured in Mexico. The construction of the jointly-owned facility in Aguascalientes will begin in early 2015 and production will be in 2017 with Infiniti models. The production of Mercedes-Benz will follow in 2018. The premium compact vehicles will also be produced at other Daimler and Nissan plants around the world, including Europe and China.