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Renault, Daimler open books after deal

Renault and Daimler have begun examining each other’s books after signing a partnership deal last week, and are discussing cooperation on electric vehicles, Renault’s COO Patrick Pelata said on Thursday.

Pelata said he did not expect competition between the partners on electric vehicles: "No, no. We’re putting everything together at the moment… We’re in the process of comparing who does what." He claimed the new partners would focus first on the joint projects they had already announced.