Nissan-Dongfeng to invest 50b yuan
By Gong Zhengzheng | China Daily | Updated: 2011-07-27 08:15
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Nissan Motor Co's Chief Executive Officer Carlos Ghosn said the carmaker expects to hold a 10 percent share in China - the world's biggest auto market - in 2015, compared with 6.2 percent last year. Kiyoshi Ota / Bloomberg |
BEIJING - Nissan Motor Co's joint venture with Dongfeng Motor (Group) Co, the largest Sino-foreign auto partnership, on Monday announced in Beijing that it plans to invest billions of US dollars and double its annual sales over the next five years.
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