Chrysler plants may be producing Chinese autos

Hang on to your seats, they are coming to NAFTA with friends.

> http://www.theglobeandmail.com/servl...nachrysler0223
> /BNStory/Business/
>
>
> Beijing Auto mum on report it may bid for Chrysler
>
> The Associated Press
>
> February 23, 2009 at 8:10 AM EST
>
> SHANGHAI ‹ Staff at Chinese car maker Beijing Automotive Industry Holding
> Corp. refused comment Monday on a report that the company might bid for
> assets of Chrysler LLC.
>
> The state-run newspaper China Business News, citing an unnamed Beijing Auto
> executive, said the Chinese auto maker wanted to acquire Chrysler assets
> using a similar approach to that taken by Nanjing Automobile (Group) Corp.'s
> when it bought defunct auto maker MG Rover Group.
>
> The aim, China Business News said, was to acquire production facilities and
> technology to build up Beijing Auto's own brand vehicles. The Beijing city
> government might also provide support for such a deal, it said.
>
>
> Chrysler became Beijing Auto's partner when it bought out AMC in 1987. Later,
> DaimlerChrysler AG launched a factory making Mercedes-Benz and Chrysler
> sedans. But Chrysler withdrew from the venture after it was acquired by
> Cerberus in 2007, leaving Daimler as the foreign partner.
>
> Beijing Auto is also a partner with Korean auto maker Hyundai Motor Co.