Mike Stevens | Mar 24, 2010

WITH RENAULT and Daimler already in negotiation on a possible mutual equity partnership, reports this week suggest that Renault's Japanese partner Nissan has joined the discussions.

According to Japan's Nikkei newspaper, Nissan is keen to share its electric-vehicle expertise with Daimler - parent company of Mercedes-Benz - in exchange for the German carmaker's large engines.

Renault and Nissan CEO Carlos Ghosn reportedly told the paper that he is open to an equity exchange across all three companies, and that he will brief Nissan executives this week on Renault's talks so far with Daimler.

Daimler is reportedly eager to reach an agreement before its general shareholders meeting on April 14, although the German carmaker is apparently hesitant to sign off on a capital tie-up between the three companies.

Nissan confirmed this week that it plans to produce 3,698,000 vehicles in the Japanese financial year to March 2011 - a 13 percent increase over the 3,287,000 vehicles projected for the 09-10 business year.

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