Nissan, 44% owned by Renault, will follow rival Toyota into China when it signs a joint venture deal this week with Dongfeng Motor, China’s third-largest carmaker, the Financial Times (FT) said.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The FT said that a tense stand-off over control of the operation had finally been resolved and that it understood that Carlos Ghosn, Nissan’s president and chief operating officer, will fly to China to sign the deal.
“Things are at the final stages and are still going forward,” a Nissan spokesman told the FT.
The FT said that Chinese websites on the vehicle industry reported that the joint venture would be signed on September 19 for the production of three Nissan cars: the Bluebird, the Sunny and the March. Nissan declined to comment.
The FT said there are unconfirmed reports that Nissan will invest around $US800 million in the venture, with the company expected to contribute technology, management expertise, design, marketing and distribution to the Chinese manufacturer, which is offering its factories in return.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
