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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. |
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