Carmakers set for get together

French carmaker Renault, its Japanese alliance partner Nissan and Germany's Daimler are likely to announce partnership and cross-shareholding plans as early as tomorrow, sources said yesterday.

Renault and Daimler have been discussing a partnership as carmakers worldwide seek to become more competitive, sharing technology costs and gaining scale. The automobile sector, which is emerging from a drastic downturn, is also scrambling to meet tightening emissions rules.