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Daimler and Nissan to invest $1.36 billion to build premium small cars

FRANKFURT/PARIS: Daimler AG (DAIGn.DE) and Nissan Motor Co (7201.T) are jointly investing $1.36 billion to develop premium small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the Mercedes-Benz and Infiniti brands. The companies said they will build a plant with an annual production capacity of 300,000 vehicles in Aguascalientes in central Mexico, where Nissan already has a $2 billion manufacturing complex. The first Infiniti cars will roll out of the new plant…