Penske to Sell Nissan-Made Smart Car

Penske Automotive Group, a chain of car dealerships, reached an agreement with Japan%u2019s Nissan Motor Co. (NSANY) to sell a Nissan-made small car in the U.S. market under the Smart brand name. Penske hopes that adding the Nissan-made car, a four-door hatchback, to the Smart line will boost sales, The Wall Street Journal reported. The company already sells a two-passenger minicar made by Daimler AG.

Daimler Targets Small Cars with Renault-Nissan Alliance

The German auto maker has struggled to be profitable in the small-car segment recently, so it's attracted by Renault-Nissan's success in this area. Here's hoping Daimler's new tie-up works better than its previous one with Chrysler.