UPDATE 1-Nissan, Yulon join hands for Greater China

Newswire

TAIPEI, May 20 (Reuters) - Japan's third largest automaker, Nissan Motor Co , and Taiwan's Yulon Motor Co will set up a joint venture to support the Nissan brand in China and Taiwan, the two companies said on Tuesday. The venture, tentatively named Yulon New, would be 40-percent-owned by Nissan and handle all aspects of the Japanese firm's business in China and Taiwan -- from engineering to sales and marketing -- with the exception of manufacturing in Taiwan. "The new company will allow ...

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