6 Votes

Boost it!

Chrysler-Chery deal halted

dannyboy2 submitted on 5/21/2007 Official AutoSpies Timestamp: 9:20:11 AM

5 user comments | Category: Misc News | Source: | SOURCE: www.motorauthority.com

Despite earlier reports that the joint-venture between Chrysler and Chery was still on track, news has surfaced that China’s Chery Auto has halted proceedings following the announcement of the sale of Chrysler to Cerberus last week.



Chery general manager Zhang Li, who spoke with reporters from German financial publication Handelsblatt, mentioned that the project has been put on hold and that Chery execs want to renegotiate the deal.

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dannyboy2

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S4cabriofoxone

I thought GM was to ally with Chery in the US market?

— S4cabriofoxone (View Profile)

Posted on 5/21/2007 1:19:10 PM | reply to this comment | Votes: 2   

huu76

Good news. What we don't need is for China to dump their cars over here.

It's just the Chinese gov't thinking they can take advantage and get an even better deal, since they probably didn't get their bid in fast enough. I'm sure the Chrysler sale came as a total surprise, if they've been too busy in the sweatshops the last few months.

Oh well, Chery, the rest of the world will go on w/o you and we won't even notice.

— huu76 (View Profile)

Posted on 5/21/2007 2:29:16 PM | reply to this comment | Votes: 3   

Agent63

As if the quality of a Lincoln is any better than those from China. Have you guys sat in the MKZ or the Mark LT truck? horrible quality. The doors close like it's cheap.

— Agent63 (View Profile)

Posted on 5/22/2007 7:51:49 AM | | Votes: 1   

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