Chrsyler Group approves small-car agreement with Chery Motors

Today DaimlerChrysler announced that its Supervisory Board approved the framework of a limited partnership to develop small vehicles between the Chrysler Group and Chinese Chery Motor Company. Although this agreement has to be approved by the “almighty” Chinese government, consider it a done deal with the final paper work to be signed by the end of March.

According to DC, under the non-equity partnership, the Chery-built vehicles will be distributed under Chrysler brands, primarily in North America and Western Europe.
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