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In the new network on April 6, according to a Reuters quoted sources as saying that France automobile manufacturers Reynolds and its car Japan Alliance partners car and the Nissan Germany Daimler may earliest on Wednesday announced that cooperation and mutual shareholding plans.

According to reports, Reynolds and Daimler has been discussed with the cooperation of the global automotive manufacturers hope by sharing technology costs and expand the scale effect to enhance competitiveness. from serious recession coming out of the car industry is struggling to deal with the ever tightening emissions standards.

Japan economic newspaper, Reynolds and Daimler has agreed to cross shareholding 3%, Nissan and Daimler also reached a similar agreement.

Renault's sources last weekend, the Renault Board of Directors will hold a special meeting on Tuesday afternoon to discuss the plan it is expected that the agreement-also includes Nissan, three enterprises could ESOP each other through small scale consolidation of partnerships.

Renault already hold Nissan 44.3% co., Nissan is holding a Renault 15% shares.

Daimler wants Renault mini car manufacturing experience, Renault and Nissan you want from the Daimler engines manufacturing benefits.

Renault's sources said, Renault Board Tuesday afternoon after the special session, the cooperation decided on Wednesday announced, possibly by Renault and Nissan CEO dagorn during a press conference announcing he added: "Reynolds has been set up on 7 April and external communication of the event, I think may be CEO of the press conference."

Another source said on Monday, three companies may issue joint statement, which might in the Renault Board after Wednesday's event.

Renault and Nissan's spokesman declined to comment, which fails to contact to Daimler's spokesman.

(The Chinese news network)