Chinese Regulators Open Door for Volvo-Dongfeng JV

Newswire

(Adds detail, background) STOCKHOLM, Jan 22 (Reuters) - World number two truck maker Volvo has received the first approval by a Chinese authority for its planned joint venture with Dongfeng Motor Group. The green light from China's National Development and Reform Commission (NDRC), a macro-economic agency, is the first step in a regulatory approval process at the end of which Sweden's Volvo hopes to have gained a major presence in China. Under an agreement struck a year ago, Volvo ...

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