Tuesday, July 3, 2007

Chrysler, China's Chery to seal vehicle alliance

(Reuters) - DETROIT, July 3 - Chrysler Group and China's Chery Automobile Co. will finalize a groundbreaking alliance on Wednesday in Beijing that could result in the first Chinese-made vehicles being exported to the U.S. market.



The Chinese government has cleared the deal, a spokesman for Chrysler said on Tuesday. A formal signing ceremony in Beijing featuring Chrysler Chief Executive Tom LaSorda is scheduled for Wednesday, he said.


Read more at Reuters.com Mergers News

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