Chrysler and Great Wall to work together

Chrysler and Great Wall to work together

You may remember ‘Great Wall’ car company from recent Car and SUV news of the brand’s imminent arrival in New Zealand.

Chinese media report that the two companies signed a memorandum of understanding in mid-June that will allow them to explore a shared sales network and component purchasing. Great Wall Motor is recognized as an independent (not in a joint venture) SUV and pickup manufacturer with annual capacity of 200,000 vehicles.

The report also notes that one year has passed (July 4, 2007) since Chrysler signed a strategic cooperation agreement with Chery Automobile, but that no further developments have been seen since then.

Chrysler LLC and Great Wall Motor Co Ltd. have signed a memorandum of understanding (MOU) to assess the feasibility of developing a long-term, mutually beneficial strategic relationship covering a broad range of areas. Under the agreement, the two parties could leverage each other’s distribution network and component and technology capabilities to benefit consumers around the world. The MOU represents part of Chrysler’s ongoing efforts to explore opportunities to expand the Company’s involvement in the development of China’s auto industry, as well as growing Chrysler’s global business through partnerships.

The two parties have agreed to not disclose further details of the discussion until more specific plans are developed and approved.

You may remember ‘Great Wall’ car company from recent Car and SUV news of the brand’s imminent arrival in New Zealand.

Chinese media report that the two companies signed a memorandum of understanding in mid-June that will allow them to explore a shared sales network and component purchasing. Great Wall Motor is recognized as an independent (not in a joint venture) SUV and pickup manufacturer with annual capacity of 200,000 vehicles.

The report also notes that one year has passed (July 4, 2007) since Chrysler signed a strategic cooperation agreement with Chery Automobile, but that no further developments have been seen since then.

Chrysler LLC and Great Wall Motor Co Ltd. have signed a memorandum of understanding (MOU) to assess the feasibility of developing a long-term, mutually beneficial strategic relationship covering a broad range of areas. Under the agreement, the two parties could leverage each other’s distribution network and component and technology capabilities to benefit consumers around the world. The MOU represents part of Chrysler’s ongoing efforts to explore opportunities to expand the Company’s involvement in the development of China’s auto industry, as well as growing Chrysler’s global business through partnerships.

The two parties have agreed to not disclose further details of the discussion until more specific plans are developed and approved.

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