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20Officially, Official: Renault-Nissan and Daimler announce alliance

At a news conference in Brussels, Belgium this morning, Daimler AG and the Renault-Nissan alliance officially announced that the three automakers would collaborate on future products and each would exchange shares in the other companies. The deal has been rumored for months and Daimler has been looking for years for a partner to help spread out the costs of small car development.

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