In Sweden: Dongfeng Motor Group Company Limited (DFG) together with Nissan Motor as well as AB Volvo is right away deliberating upon the probability of AB Volvo investing upon the complicated as well as medium-duty blurb car blurb operation in that the DFG as well as Nissan Motor have been upon the corner ventureâthe Dongfeng Motor Co, Ltd (DFL).
According to Xu Ping, Board Chairman of DFG as well as Jorma Halonen Executive Vice President as well as Deputy CEO of AB Volvo, âWe will right away beginner some-more in-depth discussions about the probable destiny cooperation.â
Nissan Motor will concentration upon newcomer cars as well as light blurb vehicles as well as has nude the land in Nissan Diesel to AB Volvo. DFG, Nissan Motor as well as AB Volvo have already discussed their devise with the Chinese authorities per the destiny probable team-work of the parties. DFG intends to settle some-more rival alliances with Nissan as well as AB Volvo respectively, in sequence for all the parties to grasp the most appropriate growth in their specialized field.
DFG, Nissan Motor, DFL as well as AB Volvo have sealed the non-binding horizon agreement with the goal of AB Volvo to deposit upon complicated as well as middle avocation blurb car as well as engine blurb operation whilst upon the partial of Nissan Motor it remained committed to the prolonged tenure team-work with DFG generally with regards to newcomer vehicles as well as light blurb business.
Other destiny decisive agreement per such the contract will be theme to capitulation by Chinese authorities.
About Dongfeng Notor Company, Ltd. (DFL): This association is intent in the make of newcomer vehicles, blurb vehicles, engines tools as well as components, car prolongation apparatus as well as alternative automotive associated products as well as services. DFL is ranked series the single in conditions of complicated as well as medium-duty trucks in China as well as is the 50/50 corner try in between Nissan Motor as well as DFG. DFG is the listed association traded upon the Hong Kong Stock Exchange.
About Volvo: The Volvo Group is the single of the worldâs heading manufacturers of trucks, buses as well as building a whole equipment, expostulate complement for sea as well as industrial applications, aerospace member as well as services. The Group additionally provides finish solutions for financing as well as service. It has in use 82,000 people as well as has prolongation comforts in twenty-five countries as well as sells their products to some-more than 185 markets. The Volvo Group annual sales earns them some-more than twenty billion euro.
The Group is additionally opposite from Volvo Cars that is the vehicle manufacturer as well as builder of the barbarous Volvo 960 as well as the analogous Volvo 960 parts. Volvo Cars is owned by Ford Motor Company given 1999.
