Nissan to exit joint venture with Ashok Leyland  [ India ]

On September 7, Nissan Motor Co. Ltd. and Ashok Leyland Ltd announced a restructuring agreement to end its eight-year-old agreement. Nissan has agreed to sell to Ashok Leyland all of Nissan’s shares in three joint venture companies that were formed in May 2008.  Under this agreement, these joint ventures will become wholly-owned subsidiaries of Ashok Leyland, upon receipt of all nec...
<Sep 08, 2016>