Dongfeng Yulon's poor 2016 sales prompt top management shake-up

Dongfeng Yulon, the only carmaking joint venture between the Chinese mainland and Taiwan, will streamline its management structure in the hopes of improving its efficiency and sales performance.

Dongfeng Motor is withdrawing managers it previously sent to the joint venture, according to Chinese media.

A source close to the matter told online news portal Sohu that Dongfeng will work as an investor only, while Yulon Motor will be given a larger say in management and decision-making.