Nissan's Dongfeng deal a huge jump for foreign carmaker

Nissan''s $1 billion investment in Dongfeng confirms that it''s not always the first entrant to the market who reaps all the benefits. By waiting for WTO rules to bite, Nissan has taken a huge lead over its rivals.

Dan Slater

September 22, 2002

Nissan Motor's $1.03 billion investment for a 50% stake in a joint venture with one of China's largest state-owned carmakers is a major development that shows how foreign carmakers can penetrate China's car market.

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