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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (235249)	7/4/2007 10:02:16 AM
From: jttmab	Respond to of 281500

I expect [or maybe hope] that the initial imports would be of low quality. Much like the first imports from Japan. But if they're using Lotus and Mitsubishi for engineering talent, their quality improvement curve might start out higher than I expected. I think the patriotic thing to do: Ticker: FXI [It could be at a near term top.] jttmab

To: bentway who wrote (235249)	7/4/2007 10:27:12 AM
From: jttmab	Respond to of 281500

Found the story on the Chrysler/Chery deal... Chrysler inks production deal with China's Chery Marketwatch - July 04, 2007 12:38 AM ET HONG KONG (MarketWatch) -- Subcompact vehicles rolling off Chinese production lines bearing the Chrysler brand name could soon see their way into South American and Eastern Europe markets in the first stage of a global rollout that should also see the cars hitting U.S. markets in mid to late 2009, according to reports Wednesday. Details of the export strategy have yet to be finalized, but the broad strokes of a strategic alliance between DaimlerChrysler AG's Chrysler Group (DCX) and China's Chery Automobile were laid out in a press conference in Beijing Wednesday. Chrysler Chief Executive Tom LaSorda said the carmaker would work together to develop new products which would be sold on world markets under the Chrysler brand name, with annual production expected to reach 50,000 to 100,000 vehicles or more, according to Dow Jones Newswires "This is the start of a very long relationship between Chrysler and Chery," LaSorda was reported as saying Wednesday. The tie up signals a new turn for global automakers which are looking at producing inexpensive small cars suited for developing markets. Shifting production to China is viewed as key in reducing costs amid stiffer global competition, The Wall Street Journal reported. DaimlerChrysler's board approved the deal in February, overcoming an initial deadlock between the board's labor and shareholder representatives, the Journal reported. Chery sold 300,000 vehicles in China last year and expects to sell 393,000 there in 2007. The Chinese automaker reported sales in the first months of this year were up 41% from the corresponding period a year earlier. -----------