Renault SA and Chinese auto maker Dongfeng Motor Co. announce the creation of a joint venture to produce 300,000 Renault vehicles in China beginning in 2006. Initial production will involve the Renault Megane. A second phase will see launch of a version of the new Logan tailored to the Chinese market. (See related story: Renault Shows Off New Emerging-Markets Car) The project follows on the heels of an agreement between Dongfeng and Renault equity partner Nissan Motor Co. Ltd. to build ...
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