Renault, Daimler to leverage R&D in India

THE alliance between Renault-Nissan and Daimler will develop small cars and light commercial vehicles for emerging markets such as India and China. Senior officials at Renault and Nissan said while the alliance may not have an immediate impact on India, it could leverage on R&D and source components from low-cost destinations. [...]

Source: Economic Times Mumbai; Date: Apr 8, 2010; Section: Corporate; Page: 5