Dongfeng Motor

Renault ties up with Dongfeng Motor for Chinese plant

Renault ties up with Dongfeng Motor for Chinese plantAuto giant, Renault has entered into an agreement Dongfeng Motor Group Co to set up a plant in China under the company's plans to sell domestically made vehicles in the Chinese market by 2016.

France's second-largest automaker is planning to manufacture sport utility vehicles at the site, which will be a joint venture between the two companies. Carlos Ghosn, chief executive officer of both Renault and Nissan said that the joint venture will also work closely with Nissan Motor that already produces cars with Dongfeng in order to gain synergies in costs and technology.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content