Carmaker alliance likely

• Source: Global Times
• [08:15 April 07 2010]
• Comments

French carmaker Renault, Japanese alliance partner Nissan and Germany's Daimler will unveil partnership and cross-shareholding plans today in Brussels, industry sources disclosed Tuesday, as reports said that Renault and Daimler, the manufacturer of the luxury Mercedes-Benz, have reached a deal to take three percent stakes in each other and work together to develop small cars and engines.
 

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