China opens graft probe against senior exec of Nissan auto JV

December 19, 2014 21:48

China's anti-corruption watchdog today launched an investigation concerning a senior executive of a state-owned car company which is a joint venture partner of Japanese auto major Nissan.

The Central Commission for Discipline Inspection of the Communist Party of China said in a statement that Ren Yong, assistant general manager of Dongfeng Motor Corporation, is suspected of 'serious law and discipline violations'.

Ren is also vice president of Dongfeng Motor Company Limited, a joint venture between Dongfeng and Nissan. Nissan formed a new joint venture with Dongfeng in September to produce Infiniti cars in China.

Ren is among the first heads to roll since the CCDI launched a third round of inspections into state-owned enterprises in November.

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