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Nissan, Renault to Divide Up World Markets in Cost-Cutting Push

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Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. on Wednesday unveiled a new strategy for their alliance that they said would leverage each member’s strength and cut costs.

Nissan will take the lead in autonomous driving, while Renault will do so for connected-car technologies, the companies said.

Each alliance member will oversee…

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