Dongfeng Motor Group will acquire automotive assets from its joint venture with Stellantis NV as part of the carmaker's strategy to consolidate its manufacturing resources amid weak car sales in China.
Caixin
China's Dongfeng to buy assets from Stellantis JV amid weak sales
Automaker plans $234m deal to unify production with Italy-U.S. partner
The acquisition will allow Dongfeng and its subsidiaries to improve synergies of the Group's manufacturing resources," according to the company. © Reuters
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