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Renault-Nissan CEO Carlos Ghosn and Daimler AG chairman Dieter Zetsche sign the agreement

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Click above for the Autoblog Podcast in iTunes, RSS or listen now!

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2009 Smart Fortwo – Click above for high-res image gallery

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According to an unknown source speaking to Reuters, the Renault board of directors has called an extraordinary meeting on Tuesday, April 6th, to discuss plans to enter into an agreement with German automaker Daimler. As was the case when Renault teamed up with Japanese automaker Nissan, there will reportedly be an exchange of stock, but not nearly at the same level as Renault's 44-percent stake in Nissan.

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According to an unnamed source speaking to Reuters, the Renault board of directors has called an extraordinary meeting on Tuesday, April 6th, to discuss plans to enter into an agreement with German automaker Daimler. As was the case when Renault teamed up with Japanese automaker Nissan, there will reportedly be an exchange of stock, but not nearly at the same level as Renault's 44-percent stake in Nissan.

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Daimler is looking for a new kind of Renault Alliance, one that includes Nissan. According to a new report in The Wall Street Journal, there is a deal pending between Renault-Nissan and Daimler to partner on things like engines and platforms, as well as further development on matters that could help increase fuel efficiency. The two companies feel that partnering in those areas would help develop the technology more effectively while keeping the costs more manageable.

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