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Stock Market & Financial Investment News

News Breaks
January 26, 2013
14:14 EDTNSANYNissan transfers medium and heavy-duty commercial vehicle unit to DFG
Nissan Motor (NSANY) agreed to the transfer of Dongfeng Motor medium and heavy commercial vehicle business unit, and relevant subsidiaries and affiliates, to Dongfeng Motor Group, DFG. Dongfeng Motor, 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. 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.
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