Damlier Chrysler May Export Cars from China

Washington DC September 26, 2006; The AIADA newsletter reported that Germany's Der Spiegel magazine reported that DaimlerChrysler is close to reaching an agreement to sell Chery-built automobiles in the United States, and that the automaker may later develop and produce cars with Chery, reports Bloomberg.

The German-American automaker had said last year it may export Chinese-made cars in order to cut its labor costs. CEO Dieter Zetsche is cutting production of vehicles in the U.S. in the face of a projected $1.5 billion third quarter loss in the Chrysler division.

Copyright © 1996-2009 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by Gordon Communictions and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | RSS feeds | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit press releases or news stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/