China's Chery, Chrysler to jointly develop new cars
www.chinaview.cn HEFEI, Jan. 5 (Xinhua) --
China's Chery Automobile Co. Ltd. and U.S. carmaker Chrysler Group will jointly create a new car line to be marketed and sold under its own marque, says the head of Chery Automobile. The new line would be manufactured by Chery and sold through a joint venture to be set up by the two companies, said Yin Tongyao, chairman of Chery Automobile, in an interview with Xinhua. The two carmakers would also build a manufacturing base on the Chinese mainland to produce cars for export under a cooperation agreement, Yin said. Under the agreement, some of Chery's existing models would be sold under Chrysler Group brands in North America and Europe after modification… It would not affect the free entry of all Chery's own brands into the world market, he added.
More