Advertisement

Great Wall cuts tie-up with Chrysler

Reading Time:1 minute
Why you can trust SCMP

Great Wall Motor said it had called off its collaboration with Chrysler, adding another setback to the United States carmaker over the past three months.

Advertisement

Anhui-based Chery Automobile announced in December it had stopped working with the US carmaker because of different business directions and priorities.

Chrysler, which has received a financial bailout from the US government, has been seeking joint-venture partners in the growing Chinese vehicle market after separating from Germany's Daimler.

Great Wall chairman Wang Fengying told China Business News the company put off its co-operation with Chrysler because of 'changes in the two carmakers that deter them from making substantial decisions'.

Great Wall and Chrysler announced in July last year a substantial tie-up in various areas, including distribution, component manufacturing and technology sharing.

Advertisement

'[We] should have planned to assemble some medium-range vehicles for Chrysler, but now we'd like to focus on building own-brand passenger cars,' said Ms Wang.

Advertisement