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BRIEF-Faurecia signs a JV with Dongfeng Motor Corp
July 4, 2017 / 4:14 PM / 3 months ago

BRIEF-Faurecia signs a JV with Dongfeng Motor Corp

July 4 (Reuters) - Faurecia says in a statement:

* Signs a new joint venture with dongfeng motor corporation and expands partnership to faurecia clean mobility

* The new company aims to provide advanced clean mobility solutions to Dongfeng affiliated OEM brands, for both passenger cars and commercial vehicles

* Located in Xiangyang, the new joint venture will begin operations in 2018. The annual sales should reach 1.2 Billion RMB (€ 155 million) by 2021. Source text for Eikon: Further company coverage: (Reporting By Dominique Vidalon)

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