Dongfeng
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Back in May, Saab parent company National Electric Vehicle Sweden (NEVS) was thrown a lifeline by the Chinese government when two state-owned entities signed an agreement with the struggling firm for future collaboration in the area of R&D. Now it’s been confirmed that state-owned Chinese automaker Dongfeng is also getting in on the action. NEVS and Dongfeng have been working together on new vehicle development since July, and the latest agreement will see them collaborate in additional areas such as global purchasing and sales. It’s believed that the agreement will see NEVS...
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Infiniti To Reveal New Q60 In 2015, Partner With Dongfeng In ChinaInfiniti may have just lost its turnaround strategist Johan de Nysschen but the automaker has no intention of slowing down the expansion plans devised under the guidance of the South African executive. Infiniti recently appointed a new chief in the form of former BMW exec Roland Krüger, and at...
Viknesh Vijayenthiran -
China’s Dongfeng and French government buy stakes in PSA Peugeot Citroën
Struggling French automaker PSA Peugeot Citroën has been thrown a lifeline in the form of capital injections from the French government and Chinese automaker Dongfeng. Each party will offer 800 million euros (approximately $1.1 billion) for 14 percent stakes in PSA. The French automaker also...
Viknesh Vijayenthiran -
China's Geely Out Of Final Bidding For Fisker: Report
After a string of disasters in 2012 left startup automaker Fisker on the ropes financially, last month it appeared that some good news was finally on the horizon for the struggling firm. Chinese automaker Zhejiang Geely, owner of Volvo, was said to be the leading candidate for an ownership stake in...
Kurt Ernst -
Chinese Automakers Geely And Dongfeng Competing For Stake In Fisker
Struggling extended-range electric automaker Fisker had a difficult year in 2012. Shortly after its Karma sedan hit the market, it was plagued by a series of recalls for battery, software and cooling issues. Fisker lost access to previously-committed Department of Energy loans for failing to meet...
Kurt Ernst
