DaimlerChrysler to expand in China

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Friday April 22, 10:15

DaimlerChrysler to expand in China

(by Helen Snow)

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DaimlerChrysler AG announced its plans to build Chrysler compact cars in the country to sell to North America.

DaimlerChrysler started talks with Fujian Motor Industry Group to found the venture to produce an absolutely new Chrysler model, said officials from the two companies.

``China has a big advantage where labor costs are concerned,’’ Grube said today at the Auto Shanghai 2005 vehicle exhibition. ``We expect to make a decision in the second half of the year.’’

DaimlerChrysler, as well as Honda Motor Co. and General Motors Corp., are producing cars in China for export usng all the advantages provided by this growing market.

``It’s not so much a trend as the reality,’’ said General Motors’ Vice Chairman Bob Lutz, at a ceremony on Tuesday to unveil its Aveo. ``Anybody who wants entry into this low end of the market finds it can no longer be done in the U.S., it has to be done in a low-cost country.’’

Stuttgart-based DaimlerChrysler has injected $923 million into China economy through its ventures with Beijing Automobile Holding Co. in the Chinese capital and Fujian Motor.

Meanwhile, DaimlerChrysler also has plans to start building Mercedes-Benz C-Class and E-Class cars in China this year after local sales of Mercedes-Benz luxury cars grew 3% in the first quarter.

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