A Chinese joint venture owned by Nissan Motor Co. Ltd. and Dongfeng Motor Corp. will establish a RMB330 million ($40 million) research and development center in Guangzhou. The JV, called Dongfeng Motor Co. Ltd., is set to be operational towards the end of 2005. Published reports out of Asia say the center will work closely with Nissan’s R&D operations in Japan to modify Japan-market cars for China. Dongfeng’s 4-year business plan calls for the launch of five new passenger cars in ...
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