The first major product tie-up has emerged since Smart parent company Daimler last April signed a cooperation deal with the Renault-Nissan alliance, focusing initially on small cars, light commercial vehicles and engines. Penske Automotive Group (PAG) unit Smart USA Distributor has signed a memorandum of understanding (MOU) with Nissan Motor to collaborate on a new five-door, petrol-powered B-segment hatchback car for sale in the United States.