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Daimler and Nissan team up for joint vehicle development

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A few days ago, Japanese newspaper Nikkei reported that Daimler and Nissan are on the verge of signing a major deal that will unite their forces in the development of new vehicles, including two compact luxury models.

Production will take place at Nissan's Mexican plant, and the first units will start rolling out around 2017. It looks like the run will begin with an Infiniti-branded product, followed by a comparable Mercedes-Benz model.

The partnership will considerably lower investment and production costs for both companies.

Back in 2010, Nissan and Daimler teamed up to build powerplants for the former. This time would be different, since the two have never designed, developed and manufactured complete vehicles before.