September 2006

September 29, 2006 Automotive News - DaimlerChrysler, Chery close to car deal
“DaimlerChrysler AG is in detailed discussions with China's Chery Automobile to make cars for sale in the United States and other markets and could finalise the deal soon, sources said today. "The two sides have explored various ways to make subcompact cars together and are now in advanced negotiations," one source familiar with the matter told Reuters...”

September 29, 2006 Automotive News - Asian carmakers shift up for fatter Europe margins
“Asian carmakers aim to churn out higher profits in Europe by moving up-market now that they have established a sold foothold in the region, while their local rivals struggle with excess inventories and restructuring costs. Asian automakers have steadily built up their shares of a shrinking western European market but have struggled to approach the profit levels they enjoy in North America...”

September 26, 2006 Automotive News - DaimlerChrysler mum on Chery partnership report
“DaimlerChrysler AG declined comment on a magazine report today that it had picked China's Chery Automobile as a partner to build subcompact models for sale in the United States under the Dodge brand. Germany's Der Spiegel said the partners would also examine joint production of small cars that could appeal to U.S. customers amid near-record fuel prices...”

September 25, 2006 Automotive News - Toyota exec will speak at China parley
“Yoshimi Inaba, Toyota's executive vice president in charge of China operations, will speak at this year's China Conference, sponsored by Automotive News and Automotive News Europe...”
 

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