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Page last updated at 16:40 GMT, Wednesday, 7 April 2010 17:40 UK

Car giants agree three-way tie-up

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The French carmaker Renault and its Japanese partner Nissan have announced plans for wide-ranging cooperation with Daimler, the German owner of Mercedes-Benz.

The three companies have made the agreement in order to work together on developing new models of engines and small cars.

Matt Cole reports.

READ MORE: Car giants agree three-way tie-up

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