Chrysler and Chery end cooperation

  • 10-Dec-2008 12:53 EST

Chrysler LLC and Chery Automobile Co. have mutually agreed to kill the idea of the chinese automaker producing small cars for its American counterpart, according to Chrysler. The two companies signed an agreement in 2007 to bring the idea to fruition, but "the discussions with Chery over the past year have allowed both of our companies to gain better insights into the opportunities and challenges of pursuing growth in the global auto market," Chrysler's Mike Manley, Executive Vice President-International Sales and Marketing, said in a statement. "The economic situation and market environments around the world have changed significantly since the agreement was signed."

Sector:
Topic:
Mentions:
Share
HTML for Linking to Page
Page URL
Grade
Rate It
0.00 Avg. Rating

Read More Articles On

2016-08-31
In addition to Heimatec's standard tooling line, the company offers custom-designed and special tooling service.
2016-11-29
While Donald Trump was blasting China for allegedly taking U.S. jobs, GM was quietly importing new China-made vehicles into the U.S.
2016-09-02
As a new option, YXLON provides ASTM E2973 digital reference images for aluminum and magnesium die castings in its imaging software Image2500 and Image3500 of X-ray inspection systems, including Y.MU2000-D and MU60 AE.
2016-09-06
With FASTSUITE Edition 2, CENIT provides an efficient Digital Factory solution for smart manufacturing.

Related Items

Technical Paper / Journal Article
2010-04-12
Training / Education
2013-04-09
Technical Paper / Journal Article
2010-04-12
Training / Education
2013-04-09
Technical Paper / Journal Article
2010-04-12
Training / Education
1997-05-29