Chery Auto says Chrysler pact a possible long-term option.

Position:Imports, exports
 
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Chery Automobile, China's fourth-largest car maker, says a joint venture with Chrysler, its partner in a production alliance for the global market, remains a possibility, but it nixed any major moves in the near term.

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Chery finalized a deal in July 2007 with the number-three U.S. automaker to make compact cars under the Chrysler nameplate to sell in the United States and other markets.

News reports said the two had talked about a full-fledged joint venture in Chery's home base in the eastern Chinese province of Anhui and could reach an agreement in the near term.

A Chrysler spokesman said the two companies were going ahead with their plan to export vehicles from China to international markets, but did not comment on the news reports.

Chery and Chrysler plan to export China-made compact cars to...

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