Chrysler Seals Deal With Chinese Carmaker Chery
Cars

Chrysler Seals Deal With Chinese Carmaker Chery


After several months of negotiations and in the midst of Chrysler Group’s divorce with the Daimler Group, Chrysler and Chery Automobile Co finalized their agreement today in Beijing to jointly develop, produce and distribute small and sub-compact cars.

Under the agreement, the Chery will manufacture the cars in China and the Chrysler Group will distribute them under the Jeep, Chrysler, and Dodge brands for North America, Europe and other major markets. Just before the boyz in white let the ink roll down the paper, Chrysler’s CEO Tom LaSorda said that the agreement with Chery will play a big role in the American car manufacture’s plan of doubling sales in the next three to five years. -Continued after the jump

According to LaSorda, exports of the Chinese made mini and sub-compact car will begin in Latin America and eastern Europe within 12 months while U.S. exports are expected to commence in mid-2009. However, the first model exported, a Dodge badged vehicle based on Chery's A-1 small car will not be exported to the U.S. or Europe.

Via: automotivenews





- Chrysler And Fiat Reported To Be In Partnership Talks
Once again, the media is reporting that Chrysler LLC and the Fiat Group is in talks to form a strategic partnership that could give the American automaker access to platforms, engines and transmissions to Fiat's mini, small and lower /upper medium...

- Chinese-made Dodge Breeze Scooped
Chrysler LLC’s Chinese-built minicar, the Dodge Breeze which is basically a rebadged Chery A1, has been caught… red-handed. As you can see in these scoop pictures that have been circulating in various Chinese forums, despite the manufacture’s...

- Chery: Chrysler Deal Still On
Despite a recent report on German newspaper Handelsblatt that said Chery wanted to re-examine a deal to build small cars for Chrysler due to the sale of the latter to Cerberus, the Chinese car maker has still got the hots for Chrysler. A Chery spokesman...

- Official: Chrsyler Group Approves Small-car Agreement With Chinese, Chery Motors
Theoretically and for the time being, the Chrysler Group is up for sale but that doesn’t mean that the Group has halted all its future projects. Today DaimlerChrysler announced that its Supervisory Board approved the framework of a limited partnership...

- Chery Automobiles To Supply Fiat With 1.6 & 1.8lt Engines!
Could this be the end of the "Italian" world as we knew it? Well we'd better get used to the idea as Fiat signed a Memorandum of Understanding (MoU) with Chinese car company, Chery. According to this agreement, Chery Automobile will supply more than...



Cars








.