Chery/Quantum team could bring "high-end" autos to U.S.
 

<p>Filed under: <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/chery/" rel="tag">Chery</a></p><a href="http://www.chinacartimes.com/2007/06/05/more-info-on-the-chery-quantum-tie-up/"><img vspace="4" hspace="4" border="0" align="right" src="http://www.blogsmithmedia.com/www.autoblog.com/media/2007/05/chery-logo.jpg" alt="" /></a>Chery cars are coming to the U.S. one way or the other, and the first ones might not carry a Chrysler nameplate.<br /><br />Quantum, an American branch of Israel, Corp., is teaming up with China's much-publicized Chery in a $743 million venture to produce a line of cars for sale in China, as well as internationally. Quantum is investing $225 million to take a <a href="http://www.israelcorp.com/content.asp?id=3">43% share</a>.<br /><br />The Wall Street Journal <a href="http://www.isa.org/InTechTemplate.cfm?Sectio n=InTech_Home1&template=/ContentManagement/ContentDisplay.cfm&Conten tID=61871">reported back in May</a> that the company planned four new models including sedans and an SUV. That report said Chery hoped to produce 150,000 cars a year, including the company's first "high-end" sedan. <a href="http://www.edmunds.com/insideline/do/News/articleId=120858">Inside Line</a> says the cars will be exported to the U.S., with production beginning in 2009. China Car Times <a href="http://www.chinacartimes.com/2007/06/05/more-info-on-the-chery-quantum-tie-up/">learned</a> that unlike the deal with Chrysler, the deal with Quantum allows Chery to brand the cars as their own. <br /><br />[Sources: China Car Times, The Wall Street Journal, InTech and Inside Line]<p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href=http://www.chinacartimes.com/2007/06/05/more-info-on-the-chery-quantum-tie-up/>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2007/06/05/chery-quantum-team-could-bring-high-end-autos-to-u-s/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.autoblog.com/forward/911323/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.autoblog.com/2007/06/05/chery-quantum-team-could-bring-high-end-autos-to-u-s/#comments" title="View reader comments on this entry">Comments</a></p><hr />

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