The partnership between Daimler and Renault was set to spawn a luxurious new flagship for the French automaker but those plans have been put on ice according to Renault Chief Operating Officer Carlos Tavares.

The partnership between Daimler and Renault was set to spawn a luxurious new flagship for the French automaker but those plans have been put on ice according to Renault Chief Operating Officer Carlos Tavares.

In an interview with the Wall Street Journal, Tavares said the car was axed because the company couldn't build a business case for the model. The proposed luxury sedan was also hampered by an assortment of issues including problems with sourcing, assembly and logistics.

Tavares declined to go into specifics, but a source said the plans were nixed because Mercedes was offering components from the current E-Class. This means the Renault flagship would have been launched when a new E-Class was right around the corner.

As a result of the model's demise, Renault will focus on revamping their current higher-end models as well as launching a new “Initial Paris” trim.

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