Home
Letters to Editor
Domestic
World
Business & Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Investment
Life
Books/Reviews
News of This Week
Learning Chinese
Daimler-Chrysler Hopes to Renew Beijing Jeep Joint Venture

A senior executive of the Daimler-Chrysler Corporation has said in Beijing that the company is seeking to prolong its jeep manufacturing joint venture in Beijing by another 30 years.

Eckhard Cordes, executive vice president of Daimler-Chrysler, said Friday here that the 20-year joint venture agreement with Beijing Jeep Corporation is due to expire in 2003.

Established in 1983, Beijing Jeep Co., Ltd. was China's first Sino-foreign automotive joint venture. The original foreign shareholder, Chrysler, was succeeded by Daimler-Chrysler in 1998.

The Beijing Jeep project needs competitive products and senior management of Daimler-Chrysler has been aware of this, said Cordes. He said that the company would soon convene a special board meeting to find a win-win solution.

Among the new initiatives, said Cordes, Daimler-Chrysler will offer a full range of products, including the latest models, to ensure the long-term success of the joint venture.

Eckhard Cordes met with Beijing's mayor Liu Qi on Friday.

(Xinhua News Agency March 23, 2002)

Price Cuts, New Models Boost Auto Market Demands
WTO Entry Brings About Changes in China
Car-import Surge 'Temporary' - Official
WTO to Drive Car Industry
Foreign Car Makers Eager to Enter Chinese Market
Foreign Auto Giants Rival for China's Potential Markets
Auto sector opens wider
Copyright China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68996214/15/16