Thursday, May 4, 2006

Chrysler considers hiring Chinese automaker Chery to build small car for international markets

According to Automotive news Chrysler group is looking at hiring China's Chery Automobile Co. to assemble a small car for sale. Chery, which was criticized for cloning GM’s Daewoo/Chevrolet Matiz would build a car that would be sold under the Dodge or Chrysler brand in the international markets, but not the US and probably, not in Europe also.

Suppliers and other sources in China say that Chery President Yin Tongyao is planned to visit Chrysler executives in Detroit on Friday, May 5, to discuss the deal. A Chrysler spokesman declined to confirm Yin's visit.

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