Daimler and Renault explore tie-up

Daimler and Renault are discussing acquiring mutual equity stakes as part of their talks on co-operation, two people briefed on the matter have told the Financial Times.

If the talks are successful, the German and French carmakers, which in December said they were discussing working together on small cars, would take stakes in each other as part of “a longer-term framework for co-operation”, one of the people said on Monday.

Via FT.COM