BEIJING-CHRYSLER LINK TO BE EXTENDED
AsiaInfo Services, February, 1997
AsiaInfo Services 02-14-1997 Beijing-Chrysler Link to be Extended BEIJING, February 14, AsiaInfo Services, Inc -- Cooperation between China and US auto giant Chrysler is expected to continue when a 20-year contract ends in 2004, officials have revealed. The two sides are joint owners of the highly successfully Beijing Jeep Corporation.
In China, BJC renovates its Cherokee in parallel with the Chrysler Corp's similar model in North America. So the Jeep, representing Chrysler's latest designs and technology, will not sell for less this year than before, Krebs told China Daily. Of BJC's Registered assets of US$ 147 million, the Chinese have 58 percent and Chrysler, 42 percent. The pattern in 1990 was 62:38 and that in the venture's beginning phase: 69:21. ...
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