Dongfeng
Dongfeng Motor Announces Sales Target of One Million Vehicles by 2012 in Mid-Term Business Plan for China
Company to Build New Plant in Zhengzhou
BEIJING, May 28, 2008 – Dongfeng Motor Co., Ltd. (DFL), Nissan’s local partner in China, today announced it’s 2008 to 2012 mid-term business plan for China focused on building a stronger market position and increased global competitiveness.
The ambitious five-year plan, named Plan 13 ("one cubed"), expands on the company’s previous business blueprint, Plan 23 ("two cubed"), under which the company doubled sales volume between 2003 and 2007.
Plan 13 has the following objectives represented by three “1”s:
1. Significant Growth
Further business expansion targeting sales of 1 million vehicles and revenue of RMB 100 billion (USD: 14.5 billion) by 2012
2. Operational Enrichment
Nissan Motor Co. Pledges 15 Million Yen to Sichuan Earthquake Relief
TOKYO, May 14, 2008 -- Nissan Motor Co., Ltd. has pledged 15 million yen(1,014,000RMB) to Red Cross Society of China, to aid emergency relief efforts in Sichuan following the aftermath of the earthquake on May 12.
Nissan’s joint-venture partner in China, Dongfeng Motor Co., Ltd. also announced the donation of 10 Nissan Qashqai crossovers to support relief activities.
*The rate is 1 RMB per 14.8 JPY.
Source: Nissan Motor Co.
Nissan, Dongfeng Open Auto Finance Company in China
TOKYO, January 9, 2008 - Nissan Motor Co., Ltd. (NML) and Dongfeng Motor Group Co., Ltd. (DFG) have jointly announced the opening of Dongfeng Nissan Auto Finance Co., Ltd. (DNAF), based in Shanghai.
DNAF will provide new car retail financing for Nissan and Infiniti customers across China, as well as inventory financing for dealers of both brands. DNAF will provide dealership finance services in Shanghai, Beijing and Shenzhen, and expects to extend its services gradually to other major cities in China within two years. Retail financing will be available in major cities including Shanghai, Beijing, Guangzhou, Shenzhen, Wuhan and Hangzhou.
DNAF was officially established in late October 2007 with a staff of 40, following approvals from the China Banking Regulatory Commission (CBRC).

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