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Renault, Nissan, Daimler join to manufacture electric cars

A new partnership aimed at saving billions of dollars and accelerating sales of pollution-light electric cars was created by Renault, Nissan and Daimler, the companies announced on April 7.

The companies said they had agreed to develop Renault-Nissan engines for use in the Smart and Renault Twingo, to be adapted and modified with Mercedes-Benz characteristics for new premium compact cars. The Renault Clio was one of the most successful small cars of the last decade.

[Industry Week]