CHINA: Dongfeng sets up another joint venture with Honda - report
Chinese vehicle maker Dongfeng Motor Corporation said on Tuesday it had agreed to set up a joint venture with Japan's Honda Motor to tap a small but growing market for sport utility vehicles (SUVs), Reuters reported. The proposed company, a 50-50 venture to be based in the central city of Wuhan, would produce 5,000 CR-Vs this year, an executive with the Chinese firm told the news agency.
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