Nissan forming joint venture Yulon

Nissan forming joint venture Yulon

TOKYO: Nissan Motor Co. is forming a joint venture with Yulon
Motor Co. to sell Nissan cars in Taiwan and support Nissan's
efforts to expand in the Chinese market, the Japanese automaker
said Tuesday.

Yulon, Taiwan's largest automaker, will take a 60 percent
stake in the new company, while Nissan, Japan's third-largest
automaker, will own 40 percent.

Both sides reached a preliminary agreement with details to be
worked out by the end of the year, Nissan said in a statement.

Yulon, which has major operations in China, manufactures
Nissan products and has a cooperative relationship with Nissan.

Like other automakers, Nissan is seeking to expand sales in
China, where the consumer car market is growing. -- AP