January 26, 2013
Nissan Agrees to Transfer of DFL Medium and Heavy Commercial
Vehicle Business in China to Dongfeng Motor Group
- Nissan's JV in China, Dongfeng Motor Co., Ltd. (DFL), to transfer its medium and heavy commercial vehicle business unit to Dongfeng Motor Group Co., Ltd.
YOKOHAMA, Japan (January 26, 2013) - Nissan Motor Co., Ltd. today agreed to the transfer of Dongfeng Motor Co., Ltd's medium and heavy commercial vehicle business unit, and relevant subsidiaries and affiliates, to Dongfeng Motor Group Co., Ltd. (DFG). Dongfeng Motor Co., Ltd (DFL) is Nissan's joint venture in China with the Dongfeng Motor Group.
The actual transaction will be implemented after the approval of the Chinese government.
Established in June 2003, DFL is a joint venture between Nissan and DFG which offers a full line-up of passenger vehicles and light, medium and heavy commercial vehicles for sale in China. The company has grown considerably in step with the development of the Chinese auto market.
Upon reaching the milestone of a decade in business since its foundation, DFL has decided to spin-off its commercial vehicle section and concentrate its management resources on development of its passenger and light commercial vehicle businesses. Nissan will aim to further enhance DFL's core business through more efficient use of Nissan's resources with a focus on passenger and light commercial vehicles.
Nissan has greatly contributed to the growth of the medium and heavy commercial vehicle business by transplanting its business processes and management systems in DFL's business management, R&D, and production areas. After it is separated from DFL, the medium and heavy commercial vehicle business will embark on a new course within DFG as it continues to further improve its R&D capacity and respond to globalization challenges.
Dongfeng Motor Co. Ltd (DFL) Organization