China’s fourth-largest car maker Chery Automobile said on Wednesday a joint venture with Chrysler, its partner in a production alliance for the global market, remains an option, but it ruled out any major moves in the near term.
In July 2007, Chery finalised a deal with the number-three US automaker to make compact cars under the [...]
Johnson Controls Inc, the world’s largest maker of car batteries and seats, may boost earnings for an 18th straight year in 2008 by relying on orders from Fiat SpA and Volkswagen AG rather than General Motors Corp.
The shift may help insulate the Milwaukee-based company, founded by thermostat inventor Warren Johnson in 1885, against declining sales [...]
Chinese-made Mercedes-Benz C class will be launched in Chinese market by mid-March and it will be slightly cheaper than imported units, a sales official from Beijing-Benz-Daimler-Chrysler (BBDC) told Cheshi.com.cn.
Mercedes Benz C class was imported to Chinese market early November last year and it was priced at 398,000 yuan ($55,278) to 497,000 yuan ($69,000) in Chinese [...]
Chinese car maker Chery Automobile is targeting a 26 percent rise in sales this year, faster than the 2007 growth, as it continues to roll out new models and expand overseas.
Vehicle sales are forecast to reach a record 480,000 units this year, after rising 24.8 percent year on year to 381,000 units in 2007. The [...]
Chrysler LLC entered a relationship with Nissan Motor Co last Friday for Nissan to supply Chrysler with small cars, but the deal will not impact Chery’s ongoing cooperation talks with Chrysler, Shanghai Securities Journal, citing a Chery official, reported today.
“Chrylser already sent a team of engineers and staff to Chery months ago, and they have [...]
US auto maker Chrysler is recalling 1,371 Jeep brand vehicles sold in China due to brake problems, the nation’s product quality watchdog said.
The affected vehicles were Grand Cherokee and Commander models made between January 31, 2005, and July 12, 2007, the General Administration of Quality Supervision, Inspection and Quarantine said in a statement on its [...]
