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See the USA in Your Cherolet July 3, 2007

Posted by gregquill in Uncategorized.
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SHANGHAI — DaimlerChrysler AG’s Chrysler Group and China’s Chery Automobile Co. are moving ahead with a plan under which Chery will build cars for export under the Chrysler brand name — in a move likely to quell the uncertainty surrounding the deal since DaimlerChrysler’s decision in May to sell 80.1% of Chrysler to a private-equity firm.

 

Top executives of Chery and Chrysler Chief Executive Tom LaSorda were scheduled to hold a signing ceremony Wednesday in Beijing, which is to be witnessed by Chinese officials, the companies said. Chery is a government-owned company based in eastern China and one of the country’s fastest-growing auto makers.

“Drove my Chery to the Larry and the Larry was high…”

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