Daimler's Fuso and Nissan to cooperate in light trucks

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German auto giant Daimler said on Friday that its Japanese truck unit Fuso has agreed to cooperate with rival Nissan in the area of light trucks.

"Fuso is expanding its business with light-duty trucks in its core market," Daimler said in a statement.

Mitsubishi Fuso Truck and Bus Corporation signed a memorandum of understanding with Nissan Motor Company 'on the mutual supply of light-duty trucks', the statement said.

While the precise details of the deal -- aimed at cutting development and manufacturing costs -- have still to be worked out, the agreement will see Fuso make available its Canter five-tonne truck to Nissan, while Nissan will supply its Atlas F24 to Fuso, Daimler said.