Chrysler-Chery deal halted

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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S4cabriofoxone - 5/21/2007 1:19:10 PM

+2 Boost

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

Agent63 - 5/22/2007 7:51:49 AM

+1 Boost

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.