Volvo Trucks plans a joint venture with Dongfeng by 2012.
The two parties have reportedly agreed to set up a JV company in 2012 with the majority stake of 55% to be held by Dongfeng.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
For the new JV to materialise, Nissan Motor, which makes commercial vehicles and passenger cars in a 50-50 partnership with Dongfeng, would stop making medium-to-heavy duty trucks at the venture, the Economic Observer said on its website, without identifying the source, according to Reuters.
Dongfeng would in turn back an option to make Infiniti as well as Renault cars at its existing venture with Nissan, the report said.
Dongfeng will in return help Nissan start production of Renault and Infiniti vehicles.
