The company that bought bankrupt car maker Saab has signed an agreement with one of China"s leading car makers to jointly develop green cars. Dongfeng is one of the leading vehicle company groups in the world. China Automotive Industry Corporation (CAIC), the parent company of Saab, said on Tuesday it had reached a deal for SAAB and its Chinese partner Geely Automobile Holding Group (GAHG) to collaborate Nevs started working with Dongfeng in July on complete vehicle development projects to enhance Dongfeng"s technical strength and improve Nevs" own development capability. Now both companies say they have agreed to expand their cooperation from technical development to further business areas such as global purchasing and distribution networks.
The company that bought bankrupt car maker Saab has signed an agreement with one of China"s leading car makers to jointly develop green cars. China Automotive Industry Corporation (CAIC), the parent company of Saab, said on Tuesday it had reached a deal for SAAB and its Chinese partner Geely Automobile Holding Group (GAHG) to collaborate Nevs started working with Dongfeng in July on complete vehicle development projects to enhance Dongfeng"s technical strength and improve Nevs" own development capability. Now both companies say they have agreed to expand their cooperation from technical development to further business areas such as global purchasing and distribution networks.