A senior executive of the Daimler-Chrysler Corporation has said in
Beijing that the company is seeking to prolong its jeep
manufacturing joint venture in Beijing by another 30 years.
Eckhard Cordes, executive vice president of Daimler-Chrysler, said
Friday here that the 20-year joint venture agreement with Beijing
Jeep Corporation is due to expire in 2003.
Established in 1983, Beijing Jeep Co., Ltd. was China's first
Sino-foreign automotive joint venture. The original foreign
shareholder, Chrysler, was succeeded by Daimler-Chrysler in
1998.
The Beijing Jeep project needs competitive products and senior
management of Daimler-Chrysler has been aware of this, said Cordes.
He said that the company would soon convene a special board meeting
to find a win-win solution.
Among the new initiatives, said Cordes, Daimler-Chrysler will offer
a full range of products, including the latest models, to ensure
the long-term success of the joint venture.
Eckhard Cordes met with Beijing's mayor Liu Qi on Friday.
(Xinhua News
Agency March 23, 2002)