China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (5115)	7/4/2005 3:31:51 PM
From: RealMuLan	Read Replies (1) of 6370

Nissan venture doubles sales July 5, 2005 Nissan Motor's car-making joint venture more than doubled sales in the first half to become the country's fastest-growing auto producer, but that pace of expansion suggested it might still undershoot a full-year target. Dongfeng Motor Co - a 50-50 joint venture between Japan's second-largest automaker and Dongfeng Motor Corp - said Monday it sold 66,476 cars, versus 27,204 units in the same period last year. The venture said in March it aimed to move 140,000 Nissan-branded passenger vehicles this year, a target that a senior executive said it is sticking to. Dongfeng Motor undershot its own target of 80,000 units last year when it moved fewer than 61,000 cars. ``Judging by our sales growth in the first half, we became the fastest-growing automaker in China during that period,'' a sales manager at the venture said. ``In the latter half of the year, we plan to launch a new model, which we expect to be quite popular.'' thestandard.com.hk

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