Daimler might sell Chery cars in Europe
DaimlerChrysler is in talks with Chery about selling small cars made by the ambitious Chinese manufacturer in Europe and the US, according to insiders at both companies.
The two carmakers are discussing making small vehicles under the Dodge brand for sale in the developed world, said one Chery executive involved in the talks.
The negotiations are part of DaimlerChryslers efforts to build a low-cost manufacturing base for small cars after deciding that it was not economically viable to do so in the US. They are also likely to add to concerns in the US car industry about competition from China.
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Lear to Sell Europe Interiors Unit
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GM unveils Chevrolet Aveo here ahead of US, Europe
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AOL sees closing deals to sell Europe ISP business
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The sale process, which separately covers our operations in the UK, Germany and France is progressing, and we are hopeful that we have reached agreements with the winning parties sometime in the fall, Jonathan Miller, Chief Executive Officer of AOL, told analysts on Wednesday.
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