It looks like the Chinese car market is going to get a little more crowded. According to a report from Just-Auto, Nissan and its partner company, Dongfeng Nissan Passenger Vehicle Company, will be forming a new brand just for the people's republic. Called Venucia, the company aims to have its first products on the road by 2012. With such a short development time, we expect its stable to be made
China's third-largest automotive group, Dongfeng Motors, recently announced plans to invest a massive chunk of change into development of alternative technology vehicles. The company's future blueprint shows that Dongfeng will invest three billion yuan ($443 million U.S. at the current exchange rate) in an effort to speed up the commercialization of eco-friendly vehicles like hybrids and electrics.
Two months. That's how long the world will have to wait for Saab to identify its new owner, according to Managing Director Jan-Ake Jonsson. Although he didn't specifically mention candidates, Jonsson told Automotive News Europe that, "There are about five we want to talk to. There are a couple more we are also looking into." Possible suitors include China's Geely Automotive and Michael Harley
In an effort to keep its finger on the pulse of a quickly-expanding automotive market in China, Nissan's joint Chinese venture, Dongfeng Motor Co., has opened up a $41 million technical center in Guangzhou, Ch