Government Fleet Top News

DaimlerChrysler Supervisory Board Approves Small-Car Agreement

March 7, 2007

AUBURN HILLS, MICH./STUTTGART, GERMANY – The DaimlerChrysler Supervisory Board has approved the framework of a limited partnership to develop small vehicles between the Chrysler Group and Chery Motor Company of China. The deal is still contingent upon approval by the Chinese government, but the final pact of the framework is expected to be signed by the end of March. Under the non-equity partnership, Chery-built vehicles will be distributed under Chrysler brands, primarily in North America and Western Europe.

Chrysler Group indicated that the partnership would allow the company to become a bigger player on the global automotive stage by giving it access to products in new segments more quickly, with less capital spending.

Small vehicles such as these will allow Chrysler Group brands to compete in segments in which the brands do not currently compete, and which are especially important in price- and fuel-economy sensitive markets. Some 67 percent of all vehicles sold outside of North America are in these segments. Chrysler Group’s major competitors in the U.S. and Western Europe have similar arrangements with Asian manufacturers for vehicles in these segments.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

FleetFAQ

Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All

 

Public Fleet Tracking And Telematics

Amin Amini from Verizon Connect will answer your questions and challenges

View All

 

Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Recent Topics

We are in the middle of standardizing PM process with all of our technicians. And I'm asking if anyone has a standard pm checklist for...

View Topic

At the City of Kirkwood, charging out direct labor hours is taken very seriously and one of my technicians posed a very good question....

View Topic

Fleet Documents

1134 Fleet Documents (and counting) to Download!

Sponsored by

ZAP Jonway is a newly formed US-China automaker that states it is focused on commercializing cost-effective electric and advanced technology vehicles for global markets. 

Read more