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Report: Renault/Nissan to partner with Daimler

Report: Renault/Nissan to partner with Daimler

Renault SA and Nissan Motor Co. are expected to announce a parts-sharing and research alliance with German automaker Daimler AG as early as this week, according to a report published Monday in The Wall Street Journal.
France's Renault and Japan's Nissan, which already have a partnership, are exploring sharing engines and small-car platforms for Daimler's Smart car and Renault's Twingo. They also would collaborate on the research and development of hybrids, battery powered vehicles and other fuel-efficient technologies, the newspaper said, citing an unnamed source.
Spokesmen for Daimler and the Nissan-Renault alliance wouldn't comment on the report Monday.
Nissan and Renault would acquire stakes of around 3 percent in Daimler, while Daimler would take a slightly larger stake in Renault and Nissan. Carlos Ghosn, who serves as chief executive of both Renault and Nissan, and Daimler CEO Dieter Zetsche are expected to announce the new alliance this week, the newspaper said.