Daimler (DAI +1.3%) and the Renault-Nissan (NSANY.PK +1.7%) alliance are close to a deal that...

|About: Daimler AG (DDAIF)|By:, SA News Editor

Daimler (DAI +1.3%) and the Renault-Nissan (NSANY.PK +1.7%) alliance are close to a deal that would help lower the substantial cost of developing small cars. An agreement that could close early next week would involve swapping a 3-5% stake of each company, and sharing engines and small-car platforms.