ANALYSIS-China - promised land or pitfall for automakers?

Newswire

By Edwina Gibbs TOKYO, Sept 26 (Reuters) - Among a raft of recent auto deals in Asia, last week's pact between Nissan Motor Co and Dongfeng Motor Corp stands out -- not only because of its $1 billion size but because it represents a new peak in China fever. Japan's third largest automaker and China's second largest auto group said they would form a 50-50 joint venture, aiming to roll out 550,000 vehicles by 2006. It follows new China deals by Honda Motor Co and Toyota Motor Corp , ...

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