Chrysler, Chery cooperation is expected to continue

With Cerberus Capital Management to take over Chrysler, the company new strategy is on the schedule: four senior Chrysler officials departed, Chrysler CEO Tom Lasorda is busy expanding overseas market by building new factories and reducing production costs.

Cerberus Capital Management intents to transfer its production base to lower manufacturing cost nations. So Chrysler and Chery Automobile OEM agreement will continue, After all, China is the highest cost-efficiency manufacturer in the world, and it is a thriving market, too.

Chrysler CEO Lasorda retaining its post is good news for Chery Automobile. According to Lasorda's plan, Chrysler will be a profitable company by 2009.

As Lasorda is an important supporter for Chery OEM, and therefore, the industry agreed that shareholders of Chrysler who are interested in the Chinese market will support Chery's OEM agreement.