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Renault-Nissan, Mitsubishi to expand cooperation

Tuesday - 11/5/2013, 5:00am  ET

TOKYO (AP) -- The Renault-Nissan alliance and Mitsubishi Motors Corp. say they plan to expand cooperation in developing new vehicles, including small cars and full-size sedans.

The companies said Tuesday that Nissan Motor Co. and Mitsubishi will co-develop a new small car, through their existing joint venture, to be sold globally. They plan to include an electric version.

The joint venture, NMKV, was set up in 2011 and is selling Nissan Dayz and Mitsubishi eK Wagon mini-cars made in Japan.

Renault-Nissan and Mitsubishi said they will share technologies and products related to electric vehicles. They also will develop sedans based on Renault's platform but under Mitsubishi's brand.

The first would be made at a Renault plant in Busan, South Korea. The manufacturing location for the second is not yet decided.

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