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China's Chery to build small cars for Chrysler to sell worldwide
TOM KRISHER
Associated Press
DETROIT - DaimlerChrysler AG's Chrysler Group and China's Chery Automobile Co. have reached an agreement for the Chinese manufacturer to build small cars to be sold worldwide.
The letter of intent is subject to approval of Chrysler's supervisory board, which meets next month, said Chrysler spokesman Jason Vines.
The cars, to be designed jointly by Chery and Chrysler with Chrysler taking the lead, would be sold as a Chrysler Group brand, either Chrysler, Jeep or Dodge, Vines said. Chery will build tiny cars known in the industry as "B-cars," but it also may build something larger for Chrysler, he said.
http://www.kentucky.com/mld/kentucky/business/16344960.htm
TOM KRISHER
Associated Press
DETROIT - DaimlerChrysler AG's Chrysler Group and China's Chery Automobile Co. have reached an agreement for the Chinese manufacturer to build small cars to be sold worldwide.
The letter of intent is subject to approval of Chrysler's supervisory board, which meets next month, said Chrysler spokesman Jason Vines.
The cars, to be designed jointly by Chery and Chrysler with Chrysler taking the lead, would be sold as a Chrysler Group brand, either Chrysler, Jeep or Dodge, Vines said. Chery will build tiny cars known in the industry as "B-cars," but it also may build something larger for Chrysler, he said.
http://www.kentucky.com/mld/kentucky/business/16344960.htm
