CHINA: Nissan launches first locally made sedan, Honda counters with a Fit
Nissan has launched its first locally made sedan for China, starting an ambitious $US1 billion expansion into one of the world's fastest growing and hotly contested markets, Reuters reported. Nissan's rival, Honda, also unveiled its Fit [Jazz] saloon, aimed at the same lower-income buyers the Nissan Sunny will go after – a market segment analysts say is the most intensely fought-over, Reuters added.
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