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Daimler and Renault Nissan will invest $1.36 billion to develop small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the premium Mercedes-Benz and Infiniti brands. The companies, which will share costs of the joint venture, said they will build a plant with a production capacity of 300,000 vehicles in Aguascalientes, Mexico, where Nissan already has a factory.

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