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Old 01-22-2007, 12:36 AM   #11
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1st DCX now Volvo interesting times ahead for Chinas trucking industry
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Old 01-30-2007, 07:06 PM   #12
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another perspective article on this dongfeng/volvo thing ,
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Old 05-08-2007, 09:29 PM   #13
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Default Dongfeng Auto First-Quarter Profit Rises 24% on Truck Sales

By Kyunghee Park

April 28 (Bloomberg) -- Dongfeng Automobile Co., a Chinese partner of Nissan Motor Co., said profit increased for a third straight quarter, by 24 percent, as China's surging economy boosted demand for trucks and other commercial vehicles.

Net income in the first quarter rose to 131.4 million yuan ($17 million), or 0.0657 yuan per share, from 105.9 million yuan, or 0.053 yuan per share, a year earlier, the company said today in a statement filed to the Shanghai stock exchange. Sales rose 30 percent to 2.98 billion yuan.

Automakers are introducing more models and cutting prices to increase market share in China, where economic growth has enabled more people able to buy cars. Vehicle sales have more than tripled over the past five years in China, which surpassed Japan as the world's second-largest auto market last year.

Dongfeng, a truckmaker based in Wuhan in central China, makes engines with Columbus, Indiana-based Cummins Inc. The company's parent is equally owned by Hong Kong-listed Dongfeng Motor Group Co. and Nissan, Japan's third-largest automaker.

Dongfeng Auto said in March that 2006 vehicle sales rose 17.5 percent to 126,200 units and engine sales gained 12 percent to 96,300 units. In addition to Nissan products, the company also makes its own truck brand, Duolika.

Dongfeng Auto aims to raise annual vehicle sales to 30 billion yuan by 2011, according to the company's Web site. Sales of trucks and buses may rise 7.8 percent to 2.2 million units in China this year, according to the China Association of Automobile Manufacturers.

Shares of Dongfeng Auto fell 2.3 percent to 8.19 yuan in Shanghai. The stock has more than doubled this year, compared with a 70 percent gain for the Shanghai and Shenzhen 300 Index.

To contact the reporter on this story: Kyunghee Park in Hong Kong at [email protected] .

Last Updated: April 27, 2007 20:46 EDT
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Old 08-01-2007, 04:07 AM   #14
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Default Dongfeng eager to introduce vehicles in Pakistan

"The China Commercial Automobile Company-Dong Feng wants to introduce buses, trucks and pick-ups in Pakistan according to the market demand. Experts from both sides should work out a possibility of a joint venture between Dong Feng and Pakistan Automobile Company (PACO).

This was stated by a delegation of Dong Feng Automobile Co Ltd, which held a meeting with Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen on Thursday. The minister appreciated the delegation for showing interest in Pakistan¡¯s auto sector. The Dong Feng delegation is on a visit to Pakistan to discuss the possibility of a joint venture with PACO. The meeting was also attended by Shahab Khawaja, Secretary for Industries, Production and Special Initiatives, Engineering Development Board (EDB), PACO and other senior officials.

The meeting was held to discuss the possibility and terms and conditions of the joint venture between PACO and Dong Feng. Dong Feng¡¯s representatives in their presentation told the meeting that Dong Feng is one of the biggest automobile manufacturers in China. Trucks, pick-ups and buses are the main products of the company. The Dong Feng delegation further said that they want to introduce their products in Pakistan according to the market demand. It was decided in the meeting that discussions would continue between experts from both the sides to work out a possibility of a joint venture between Dong Feng and PACO. The minister assured full cooperation and support to the Chinese delegation and said that every effort will be made to make this joint venture a success once all the formalities and modalities are agreed and settled. staff report."

- -
"It took Japan 40 years to become a great automotive nation. It took South Korea 20 years. I think it will take China as little as 10 to 15 years."

Giorgetto Giugiaro
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Old 08-13-2007, 10:02 PM   #15
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Thumbs up Dongfeng to Joint Venture With Volvo in May 08

i like volvo

SHANGHAI - August 13, 2007: Dongfeng commercial vehicle and AB Volvo are in talks about setting up a joint venture next year, a source from Dongfeng Motors said.

"If nothing goes wrong, the two companies will officially start cooperation by next May," the unnamed sources from Dongfeng Motor said yesterday.

In January, Dongfeng and Volvo signed a draft agreement. Under this draft agreement, AB Volvo will be Dongfeng Motors next partner after Nissan in the commercial vehicle production.

"Star of Dongfeng" light truck

Currently, the two parties are awaiting the approval from Chinese government.

"Dongfeng engine plant is likely to introduce the Renault-made engines and produce it locally,"a Dongfeng Motors official said.

The output and sales of commercial vehicle boomed in the first half of this year. China Heavy Vehicles and Shanxi Heavy Vehicles, whose commercial vehicles sales grew 68.33% and 87.55% respectively in the first half year.

By contrast, Dongfeng Motors' market share in commercial vehicles declined 4%. Thus, Dongfeng Motors is eager to have a new partner to boost its flagging commercial vehicle production.
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Old 11-25-2007, 03:36 PM   #16
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Post Volvo might be in for long wait with Dongfeng JV

BRUSSELS (Reuters) - Swedish industrial group Volvo AB (VOLVb.ST: Quote, Profile, Research) could have to wait years before it can begin manufacturing heavy trucks in China together with potential joint venture partner Dongfeng Motor Group Co Ltd (0489.HK: Quote, Profile, Research).

"We are 90 percent through with our discussions," Volvo Deputy Chief Executive Jorma Halonen told Reuters in Brussels on Thursday, adding though that progress in talks was not the only factor affecting its timetable.

When asked when the joint venture could be finalized, Halonen said it could take anywhere between 2 to 15 years
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Old 12-08-2007, 11:58 PM   #17
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Default Dongfeng sold 170,000 commercial vehicles in January to november

Shanghai, December 6, ( - Dongfeng Commercial Vehicle Company, a division of Dongfeng Motor Group, sold 171,113 commercial vehicles during the past 11 months this year, of which 20,075 units are Dongfeng's newly launched heavy-duty truck models, according a recent announcement made by Dongfeng Motor Group.

Sales of Tianlong and Dalishi, the company's latest launched heavy-duty truck models, has reached 21,991 units within 18 months since they hit market. The growth is faster than any other newly launched heavy truck models in the Chinese market.

The company said it has achieved its 2007 full-year sales target by the end of the past November. The company also planned to sell 5,500 heavy trucks in overseas market and it has sold 4745 vehicles year to date.

Dongfeng Commercial Vehicle Company, is China's second largest heavy truck maker in China. It sold 47,903 heavy-duty trucks during the past three quarters, which represents 20 percent of the market share, second only to Sinotruck's 22 percent.

Volvo AB, the Swedish industrial group is reportedly to be in talks of establishing a joint venture with Dongfeng to manufacture heavy trucks in China.
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Old 02-13-2008, 12:48 PM   #18
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Volvo, Dongfeng talks near completion.

February 13, 2008 – Despite setbacks, negotiations between AB Volvo Group and Dongfeng Commercial Vehicle Company have entered the final stage. The two sides will create a 50-50 joint venture in China to produce Volvo and other brands heavy duty trucks.

An unnamed executive from Volvo (China) Investment Co. denied an earlier report that "Volvo could have to wait years before it could start production of heavy trucks in China with Dongfeng", saying that the negotiation is making progress as scheduled.

According to a memorandum of understanding that Volvo AB and Dongfeng Motor signed in early 2007, the two sides will sign an official joint venture agreement in 2008.

Dongfeng has reserved a plant site near its headquarter in Wuhan city, Hubei province. But the joint venture will operate in both Wuhan and Shiyan, a city that is home to Dongfeng’s commercial vehicle production facilities, according sources familiar with the joint venture project.

The joint venture plant, with a designed capacity of 200,000, is expected to produce both Dongfeng and Volvo brands trucks, as well as engines for Renault heavy duty trucks, according to the MOU.

Volvo-brand heavy trucks will be its high-end products produced by the joint venture while Dongfeng-brand will take the middle or lower-end segment. Volvo trucks produced by the joint venture will be sold through Dongfeng's existing distribution network.

Volvo Group sells Volvo, Renault, Mack and Nissan Diesel brands. The company sold around 6,000 trucks in Chinese market over past years, while Dongfeng sold a total of 188,000 commercial vehicles in China last year.
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Old 08-28-2008, 08:37 AM   #19
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Default Re: Dongfeng Tianlong

Dongfeng light trucks sell 10,000 units in 3 months

August 28, 2008

Shanghai, August 28 ( Dongfeng Motor said Wednesday that the terminal sales of its third-generation light truck has surpassed 10,000 units since the models were launched onto the market three months ago, and the sales are seeing a month-on-month increase, reported China Business News today.

The project of developing the new-generation Dongfeng light trucks started on February 10, 2006, as part of the three series (Xiaobawang, Jinba, Duolika) of Dongfeng product upgrade project, which include up to 200 models. The overall upgrade program is intended to boost the vehicles' quality and make them meet the latest emissions standards at home and abroad.

The sales growth of the Dongfeng light trucks, which were designed and built to meet the China III emissions standard, indicates that new-generation vehicle models are gaining wider recognition and acceptance in the country's auto market.

Compared with their predecessors, the all-new products have increased Dongfeng light truck's brand value. The application of new light material and eco-friendly cutting-edge technology has greatly improved the Dongfeng brand.
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Old 09-18-2008, 07:47 AM   #20
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Default Re: Dongfeng Tianlong

Dongfeng Tianlong TV commercial

Last edited by human_being; 09-20-2008 at 06:46 AM.
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