Nissan China jv lifts 2009 car sales target 29 pct

Published: 29 Sep 2009 19:05:33 PST

YOKOHAMA, Japan, Sept 30 - The head of Nissan Motor Co's Chinese joint venture said on Wednesday he aims to sell 500,000 cars this year, exceeding the company's original target by almost 30 percent.

Dongfeng Motor Co, Nissan's 50-50 joint venture with Dongfeng Motor Group Co, had initially planned to sell 388,000 cars this year, but the government's tax reduction scheme has fanned unexpected growth in demand for smaller cars.

"We will meet that (original) target in October," Dongfeng Motor Co President Kimiyasu Nakamura told a small group of reporters at Nissan's headquarters in Yokohama.