Chery to build Chrysler cars

Chinese Chery Automobile and DaimlerChrysler AG's Chrysler Group signed a strategic cooperative agreement in Beijing today.

Under this agreement, Chery will assemble small-and medium-sized cars under the Chrysler brand name and export to U.S. , the European markets and other countries. The first cars produced is expected to be based on Chery's A1 hatchback and carrying the Dodge badge.