Chery: Chrysler Deal Still On

Despite a recent report on German newspaper Handelsblatt that said Chery wanted to re-examine a deal to build small cars for Chrysler due to the sale of the latter to Cerberus, the Chinese car maker has still got the hots for Chrysler. A Chery spokesman told Reuters today that the German newspaper had misquoted Chery’s general manager, Zhang Li, and that the earlier agreement with Chrysler, approved by DaimlerChrysler’s Supervisory Board in February 2007, was still on. According to the non-equity partnership, the Chery-built vehicles will be distributed under Chrysler and Dodge logos, primarily in North America and Western Europe. Via: Reuters