Chinese automaker in talks to sell in U.S.
September 26, 2006
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A recent Bloomberg report says that DaimlerChrysler, the first foreign carmaker in China, is in talks with Chinese government-owned Chery Automobile Co. to sell Chinese-built subcompact cars in the United States.
DaimlerChrysler would join Honda Motor Co., Japan’s third-largest carmaker, in exporting vehicles from China.
The reports says that DaimlerChrysler said last year it may export Chinese-made cars in order to cut its labor costs, which were estimated as one-18th those of U.S. workers.
Chery, based in eastern China’s Wuhu city, operates three assembly lines and cranks out 400,000 vehicles a year and intends to increase up to 1 million vehicles per year.
