Daimler, Renault-Nissan alliance could be announced Wednesday

According to an unnamed source, the Renault board of directors has called an extraordinary meeting on Tuesday, April 6th, to discuss plans to enter into an agreement with German automaker Daimler. As was the case when Renault teamed up with Japanese automaker Nissan, there will reportedly be an exchange of stock, but not nearly at the same level as Renault's 44-percent stake in Nissan.

If the board chooses to move forward – and all indications are that it will – an announcement could be made as early as Wednesday detailing the partnership. It's widely thought that Daimler is keenly interested in Renault's small car expertise for its less-than-wildly-successful Smart car division, and it seems increasingly likely that the two automakers could jointly develop new city car platforms. Might a more family-friendly ForFour be in the offing as rumored?