Tuesday, July 3, 2007

Chrysler, China's Chery to Start U.S. Sales of A1 Hatchback in Early 2008

(Bloomberg) -- Chrysler Group, the fourth-largest
U.S. carmaker, will sell a Chinese-made small car in the U.S.
next year that retails for about half the price of its cheapest
model.

The carmaker will begin selling Chery Automobile Co.'s A1
hatchback in the first quarter of 2008, Chery President Yin
Tongyao told reporters in Beijing. The 1.3-liter A1 costs from
53,800 yuan ($7,100) in China. Chrysler's least expensive U.S.
model is the $13,850 Dodge Caliber, according to Edmunds.com.
Yin didn't say how much the A1 would cost in the U.S.


Read more at Bloomberg Emerging Markets News

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