My Chinese car
Posted by Jeremy Goldkorn Monday, January 3, 2005 3 to 19 h.
Chery Automobile Co is a private Chinese automaker that produces the QQ, a small city car that sells for less than RMB 50,000 or 6 000 USD.
Late last year, the US auto giant GM Chery to court, alleging that the design of the car Chery QQ was ripped Spark GM Daewoo model.
Now comes the news that the American entrepreneur wants to sell Chery cars in the United States reports.
DETROIT AP - The man who brought the Yugo and Subaru to the United States have a new project - becoming the first mass importer of cars made in China cheap.
Chery Automobile Co owned by the Chinese government, has signed a deal with auto entrepreneur Malcolm Bricklin and his Visionary Vehicles LLC Private New York to sell Chery cars in the United States, Visionary announced Sunday.
The company aims to sell vehicles well below the price of models available while matching the quality of Japanese automakers.
No brand name was selected Visionary will invest 200 million in new products to market Chery U S.
Chery is the eighth largest Chinese automaker was founded in 1997 and sold about 90,000 vehicles in China in 2004.
The exclusive distribution agreement for five new Chery models that would go on sale in January 2007 - a compact sedan, midsize sedan, hatchback crossover-utility motor sport luxury sports coupe and an SUV.
A China Daily article about the court case GM Chery, with photos of comparison, here is the CNN article about the new deal for US distribution here is the website of Chery is here Visionary Vehicles is here.
You can see a print ad for the car Chery Oreintal His Danwei on here.
Updated investment site The Motley Fool is not impressed.
Snake Oil From China This unoriginal concept is the last bit of self-promotion of the automotive opportunistic well known Malcolm Bricklin, CEO of Visionary Vehicles, which surfaces about once every half-decade with another answer for commuters in the If America one thing he knows how to do it is generating buzz on some news.
While some consider Bricklin as a true prophet, others - including those who believe in his mid 80s electric car company, or lost a lot of money in his bike system aborted late 90s power - the considered more a snake oil salesman.
Yes, Bricklin started his career bringing Subarus in the US, but keep in mind he's gone, he founded in 1971, well before the success From there, a company that sold a few thousand sports , beloved security Vehicles scissor before DeLorean produced his loser stainless steel fated well.
But most renowned Bricklin in the United States is also the importer of the junky New FIAT Yugo, who made a big splash in the 80s, mostly as a punch line for TV host later in the night You can count on similar jokes tonight and later, if these cars hit the shores.
Chinese Chery cars to be sold in the US, Chinese Chery cars.