JAPAN: Nissan exits Chinese heavy vehicle market
Nissan has said it will transfer its Chinese medium and heavy commercial vehicle business to its partner in the country, Dongfeng Motor Group.
The automaker, which long ago sold off its Nissan Diesel heavy truck unit, has already withdrawn from the medium and heavy commercial vehicle market in Japan and said it intends to refocus on passenger and light commercial vehicles, the Japan Times reported.
Nissan did not disclose the price of the Dongfeng deal.
For some time, electric power steering (EPS) has dominated the mass-market in a number of major car-producing regions, helped by its ability to improve fuel economy and save designers valuable space. ...
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