Wednesday, March 14, 2007

Chery Building Bulletproof Sedans in Joint Venture

SHANGHAI, China — Chery Automobile has announced a joint venture with a South American company to build bulletproof sedans in China. The cars will be built based on the Eastar midrange sedan and are intended for export around the world.

Chery EastarThe joint venture is with Bognor Automotive of Uruguay, with Chery holding 70 percent of the venture and Bognor the remainder, Reuters reported today.

Chery did not reveal details of its plans either for production numbers or targeted countries for export.

© Source: article on insideline
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