UPDATE 1-Wuhan: Detroit of the East gives green light to Renault

Newswire

By Norihiko Shirouzu and Samuel Shen BEIJING/SHANGHAI, Dec 16 (Reuters) - Renault SA clinched full access to China's auto market on Monday by sealing a joint venture agreement with state-owned Dongfeng Motor Group in Wuhan, a city fast shaping up as China's own Detroit. Nine years after the two companies first announced plans for the joint venture, they finally inked a $1.3 billion 50-50 partnership to introduce the French carmaker's own ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×