ryans
12-17-2008, 06:59 AM
Filed under: China (http://www.autoblog.com/category/china/), Chery (http://www.autoblog.com/category/chery/)
http://www.blogcdn.com/www.autoblog.com/media/2007/05/chery-logo.jpg (http://www.chinacartimes.com/2007/06/05/more-info-on-the-chery-quantum-tie-up/)Chery cars are coming to the U.S. one way or the other, and the first ones might not carry a Chrysler nameplate.
Quantum, an American branch of Israel, Corp., is teaming up with China's much-publicized Chery in a $743 million venture to produce a line of cars for sale in China, as well as internationally. Quantum is investing $225 million to take a 43% share (http://www.israelcorp.com/content.asp?id=3).
The Wall Street Journal reported back in May (http://www.isa.org/InTechTemplate.cfm?Section=InTech_Home1&template=/ContentManagement/ContentDisplay.cfm&ContentID=61871) that the company planned four new models including sedans and an SUV. That report said Chery hoped to produce 150,000 cars a year, including the company's first "high-end" sedan. Inside Line (http://www.edmunds.com/insideline/do/News/articleId=120858) says the cars will be exported to the U.S., with production beginning in 2009. China Car Times learned (http://www.chinacartimes.com/2007/06/05/more-info-on-the-chery-quantum-tie-up/) that unlike the deal with Chrysler, the deal with Quantum allows Chery to brand the cars as their own.
[Sources: China Car Times, The Wall Street Journal, InTech and Inside Line]Chery/Quantum team could bring "high-end" autos to U.S. (http://www.autoblog.com/2007/06/05/chery-quantum-team-could-bring-high-end-autos-to-u-s/) originally appeared on Autoblog (http://www.autoblog.com) on Tue, 05 Jun 2007 19:03:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Read (http://www.chinacartimes.com/2007/06/05/more-info-on-the-chery-quantum-tie-up/) | Permalink (http://www.autoblog.com/2007/06/05/chery-quantum-team-could-bring-high-end-autos-to-u-s/) | Email this (http://www.autoblog.com/forward/911323/) | Comments (http://www.autoblog.com/2007/06/05/chery-quantum-team-could-bring-high-end-autos-to-u-s/#comments)
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http://www.blogcdn.com/www.autoblog.com/media/2007/05/chery-logo.jpg (http://www.chinacartimes.com/2007/06/05/more-info-on-the-chery-quantum-tie-up/)Chery cars are coming to the U.S. one way or the other, and the first ones might not carry a Chrysler nameplate.
Quantum, an American branch of Israel, Corp., is teaming up with China's much-publicized Chery in a $743 million venture to produce a line of cars for sale in China, as well as internationally. Quantum is investing $225 million to take a 43% share (http://www.israelcorp.com/content.asp?id=3).
The Wall Street Journal reported back in May (http://www.isa.org/InTechTemplate.cfm?Section=InTech_Home1&template=/ContentManagement/ContentDisplay.cfm&ContentID=61871) that the company planned four new models including sedans and an SUV. That report said Chery hoped to produce 150,000 cars a year, including the company's first "high-end" sedan. Inside Line (http://www.edmunds.com/insideline/do/News/articleId=120858) says the cars will be exported to the U.S., with production beginning in 2009. China Car Times learned (http://www.chinacartimes.com/2007/06/05/more-info-on-the-chery-quantum-tie-up/) that unlike the deal with Chrysler, the deal with Quantum allows Chery to brand the cars as their own.
[Sources: China Car Times, The Wall Street Journal, InTech and Inside Line]Chery/Quantum team could bring "high-end" autos to U.S. (http://www.autoblog.com/2007/06/05/chery-quantum-team-could-bring-high-end-autos-to-u-s/) originally appeared on Autoblog (http://www.autoblog.com) on Tue, 05 Jun 2007 19:03:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Read (http://www.chinacartimes.com/2007/06/05/more-info-on-the-chery-quantum-tie-up/) | Permalink (http://www.autoblog.com/2007/06/05/chery-quantum-team-could-bring-high-end-autos-to-u-s/) | Email this (http://www.autoblog.com/forward/911323/) | Comments (http://www.autoblog.com/2007/06/05/chery-quantum-team-could-bring-high-end-autos-to-u-s/#comments)
More... (http://www.autoblog.com/2007/06/05/chery-quantum-team-could-bring-high-end-autos-to-u-s/)