Auto JV unveils big plan

Hong Kong-listed Chinese automaker Dongfeng Motor Group Co's joint venture with Japan's Nissan Motor Co yesterday unveiled an ambitious plan to expand in the world's second biggest and fastest-growing vehicle market.

The largest Sino-foreign auto tie-up, Dongfeng Motor Co Ltd (DFL), hopes to move 1 million vehicles annually by 2012, up from 610,000 units last year, its President Kimiyasu Nakamura said in Beijing.

The 2012 goal includes 600,000 Nissan-brand passenger cars and 400,000 commercial vehicles under the Nissan and Dongfeng badges.