Chrysler, Chery deal may be on hold--permanently

When the idea was put on the table, it seemed like a good deal--Chery Automobile Co. is a privately-owned Chinese car manufacturer that produces the QQ, a little city car that sells for less than USD 10,000, struck an agreement with Chrysler to produce small cars that would be sold in Mexico and then in the United States.

It was a great idea back a while ago--until the auto maker (Chrysler, that is) started a downward spiral out of control. Now, with the tightening of funds everywhere, the deal with Chery is on hold--if not dead. Not that this is a surprise--CEO Tom LaSorda stated back at the beginning of summer that the agreement was having its difficulties coming to fruition, and now it's anyone's guess if it will indeed ever happen. The two have never offered an official timetable when Chery cars would come to the U.S. Chrysler is working on a small car with Nissan that is due out in 2010. The car is expected to be a production version of the Dodge Hornet. (EGMCartech)

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Chrysler, Chery deal may be on hold--permanently

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