Renault, Nissan and Daimler announce alliance | business | Hindustan Times
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Renault, Nissan and Daimler announce alliance

business Updated: Apr 07, 2010 13:47 IST

AFP
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French automaker Renault, Japan's Nissan and Germany's Daimler AG announced on Wednesday a partnership to exchange capital and share technological know-how.

The Renault-Nissan alliance will take a 3.1 per cent stake in Daimler, while Daimler will take 3.1 per cent of Renault and 3.1 per cent of Nissan.