Hey hey hey... somehow Chery is a better position now for those
who don't accept china cars... haha
You know last time big brands phone is made In other countires but
now mostly made in china now!
Same for the car! Chery QQ (i Dun own one) but it looks rather
cute. (got excited whenever i see a woman driver haha)
http://today.reuters.com/news/articlenews.aspx?type=&storyid=2006-11-17T095416Z_01_SHA77880_RTRUKOC_0_US-AUTOS-CHINA-DAIMERCHRYSLER.xml&src=nl_usbusinessearly
My believe is that in 10-20 yrs time everything will change your
opinion about everything about cars!
Reports from Reuters
BEIJING (Reuters) - DaimlerChrysler AG's (DCXGn.DE: Quote, Profile,
Research) Chief Executive Dieter Zetsche said on Friday that talks
with China's Chery and others for a production alliance are
on-going but that a deal could be finalized in the near
future.
Chrysler currently has no offerings in the small-car segment, which
is growing in the United States and represents a larger share of
sales in Europe and other markets.
Several automakers, including Japan's Mitsubishi Motors Corp
(7211.T: Quote, NEWS, Research) and South Korea's Hyundai Motor
(005380.KS: Quote, Profile, Research) and Chery were reportedly
named as Chrysler's likely partner.
"We have been talking to a number of partners, which has been
reduced to a very small number," Zetsche told reporters on the
sidelines of the Beijing Autoshow.
"I am optimistic that we are coming to a decision in the not-so-far
future," he added. "But it takes two to tango."
He declined to say whether negotiations with China's Chery were
exclusive but added Chery was the only Chinese company that the
auto giant is talking with currently.
Sources told Reuters in September that DaimlerChrysler and Chery
were in detailed talks to make cars for sale in the United States
and other markets.
An option being considered is for Chery to provide the models and
make revisions at the request of DaimlerChrysler (DCX.N: Quote,
Profile, Research), while the cars would be made at Chery plants in
China, the source said.
But the two parties are far apart in profit-sharing and other
technical details, they added.
When asked whether Volkswagen's (VOWG.DE: Quote, Profile, Research)
restructuring whiz Wolfgang Bernhard would join DaimlerChrysler if
he handed in his resignation, Zetsche said he "has no reason to
participate in this speculation."
German newspaper Handelsblatt on Tuesday said Bernhard, VW brand
chief and reform driver, was seriously considering stepping down
after Volkswagen appointed Martin Winterkorn as its future chief
executive, replacing Bernd Pischetsrieder.
"I still do not have official confirmation that his current
situation will change. I guess he would first have to collect his
thoughts and re-position himself before he would start to make any
plans," Zetsche said.
© Reuters 2006. All Rights Reserved.
