CHERY Automobile Co, China's largest maker of own-brand cars, may consider acquisitions in Europe to help expand overseas as domestic demand reverses.
Shanghai, February 16 (Gasgoo.com) Chery Automobile Co aims to sell 419,000 cars this year, up 17.7% from 2008, Guangzhou Daily reported today, citing Chery chairman Yi Tongyao as saying over the weekend at the company's annual "pep talk" themed "To Win the Year 2009."
Sales of Chery in December, 2008 (by model)
Shanghai, February 13 (Gasgoo.com) President and CEO of Chery Automobile Co., Ltd. said yesterday that his company would not rule out the possibility of buying a troubled European auto brand, Beijing Times reported. Volvo is believed to be one of the choices.
CHERY Automobile Co confirmed yesterday that it is interested in buying overseas car makers after media reports of approaches to acquire Ford's struggling Volvo unit.
CHINA'S Chery Automobile Co will team up with its foreign partners to build a new plant in Argentina to increase production capacity by five-folds within four years.
Chrysler LLC's efforts to make its U.S.-dependent business more international suffered a setback this week, taking down with it Chinese partner Chery Automobile Co.'s bid to break into the North American market, after the two auto makers ended a joint project to make small cars for sale around the world.
CHRYSLER LLC and China's Chery Automobile Co have agreed to end their strategic cooperation as the United States car maker struggled amid the global economic turmoil.
SHANGHAI, Dec 9 - Chinese car maker Chery Automobile Co has no plan to buy U.S. auto assets, its chairman was quoted as saying by state media on Tuesday. Chery, which secured a 10 billion...
Chery's new sporty family sedan Fulwin2 will enter the market in late October.The Fulwin2 measures 4,266 x 1,671 x 1,490mm, with a 2,527mm wheelbase. The 1.5L engine provides a maximum 80kW power and 140Nm torque. Agencies and Shi Jierui contributed to this story