DCX To Sell Chinese-Built Small Car

Washington DC October 5, 2006; The AIADA newsletter reported that DaimlerChrysler has reached a "broad understanding" with Chinese automaker Chery Automobile to set up a joint venture to export subcompact cars "slightly smaller and cheaper than the Dodge Neon" built in China to the United States, reported The New York Times.

According to anonymous industry sources, the two companies have begun negotiating with suppliers of auto parts regarding the assembly line, which is said to be located at Chery's headquarters in Wuhu, China.

While details are still being hashed out, the timeline for the deal is said to be based on how quickly DaimlerChrysler and Chery can set up the assembly line and raise the quality to DaimlerChrysler's standards.

The venture would mark the first arrival of Chinese-made cars on U.S. soil.

Editors Note: So what happens to Bricklin's Visionary Vehicles????