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daimler chery


DCX board approves small car partnership with Chery

Amid all the turmoil about a potential sale of Chrysler, the DaimlerChrysler supervisor board has signed off on partnership agreement with Chery Automotive of China. Chery and Chrysler will work together and small cars manufactured by Chery will badged with Chrysler brands for sale in North America and Western Europe. The Chinese government still has to approve but the deal is expected to be finalized by the end of March. At this point this is strictly a non-equity deal, although that can obviously change. The Chrysler press release is after ... Read more →

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