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By ELAINE KURTENBACH, AP Business Writer Sun Apr 20, 4:58 AM ET
BEIJING - Chrysler LLC's talks on a possible joint venture with China's Chery Automobile Co. are progressing but a China-made car being produced by the alliance is not ready for the U.S. market, Chrysler executives said Sunday.
Chery is among several potential partners Chrysler is considering as it prepares to ramp up local production with the aim of joining the ranks of China's top 10 automakers, said Phil Murtaugh, chief executive of Chrysler's Asia operations.
"We have no progress to report, but we really are satisfied with those discussions," Murtaugh told reporters at the Beijing auto show.
Chery and Chrysler made a "strategic cooperation agreement" last year to produce a low-cost vehicle to be sold under Chrysler's Dodge brand in the United States and other markets.
http://news.yahoo.com/s/ap/20080420/ap_on_bi_ge/china_auto_show_chrysler
BEIJING - Chrysler LLC's talks on a possible joint venture with China's Chery Automobile Co. are progressing but a China-made car being produced by the alliance is not ready for the U.S. market, Chrysler executives said Sunday.
Chery is among several potential partners Chrysler is considering as it prepares to ramp up local production with the aim of joining the ranks of China's top 10 automakers, said Phil Murtaugh, chief executive of Chrysler's Asia operations.
"We have no progress to report, but we really are satisfied with those discussions," Murtaugh told reporters at the Beijing auto show.
Chery and Chrysler made a "strategic cooperation agreement" last year to produce a low-cost vehicle to be sold under Chrysler's Dodge brand in the United States and other markets.
http://news.yahoo.com/s/ap/20080420/ap_on_bi_ge/china_auto_show_chrysler