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Renault SA, Dongfeng Motor Group Co. Ltd Plans $1.2 Billion Car Making JV In China-DJ

Sunday, 20 Jan 2013 10:48pm EST 

Dow Jones reported that Renault SA is planning to launch a 7.2 billion yuan ($1.2 billion) car-making joint venture (JV) with Dongfeng Motor Group Co. Ltd. The planned JV will have an annual production capacity of 150,000 passenger vehicles, including sports utility vehicles and multi-purpose vehicles, according to a recent statement posted on the website of the Hubei Environmental Protection Bureau. The bureau, which is assessing the facility's environmental impact, said the joint venture will be located in Wuhan, capital of central Hubei province. 

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