Chery – Chrysler deal hurt bailout hopes

Chinese manufacturer Chery had planned to build cars for Chrysler to sell in to North America as early as last year in exchange for a vital cash injection, there’s no secrets there, but with a distinct lack of the engineering talent required to make cars of a quality acceptable to the US market, coupled with [...]

Chery could be privatised

Chinese auto manufacturer Chery, suffering from the current hard economic times, has started laying off employees and freezing development of some new models.
 
The state owned company, controlled by the Wuhu city government in Anhui province, admits that whilst such extreme measures have improved its cash flow in the immediate term, long term growth may [...]

China’s Chery to acquire Volvo?

Chinese car maker Chery automotive is rumoured to be in talks with Ford and private equity firms about financial backing to acquire Swedish-based Volvo from Ford Motor Co. a Chinese business magazine reported yesterday.

The article states that Chery is still in the early stages and has not asked for permission from the government of Anhui, [...]

Chinese cars coming to Australia

It’s official. Chinese cars will be here next year. Ateco, the Australian importer of European prestige brands such as Ferrari, Maserati, Alfa Romeo, Citroen and Fiat has just announced plans to import cars made by Chery Automobile Company.
The two companies have been in talks since late 2005 but the distributorship agreement was only executed earlier [...]