Retail in Asia

In Sectors

Daimler and Renault in discussions over strategic partnership

German carmaker Daimler AG and France’s Renault are close to deciding on a wide-ranging strategic partnership that would include a swap of small equity stakes, the Financial Times said, citing an anonymous source.

Renault – who has Japanese carmaker Nissan Motor Co as a strategic partner – and Daimler have said they were in talks about possible cooperation, but declined to comment on whether the accord might include exchanging equity stakes.