Car giants agree three-way tie-up

**German carmaker Daimler is to give Renault and Nissan a 3.1% stake in its business as part of a global tie-up of the brands, it has been announced.**Both Renault and Nissan, which already form an alliance dating back to 1999, will take 1.55% stakes in Daimler - the maker of Mercedes Benz.

The deal will see the companies remain separate, but allow them to share technology and development costs.

The carmakers will also co-operate to make electric cars, Nissan said.

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