Chrysler LLC has been going the way of the joint venture of late as it works to stay afloat. Its majority owner Cerberus Capital Management LP is hoping a new
deal with China's Great Wall Motor will help. Chrysler is exploring long-term business ties in areas including distribution, components and technology, reports FT.com, which also notes China requires foreign carmakers seeking to produce cars locally to do so through JVs with a Chinese partner.
Earlier this year Chrysler signed its second shared manufacturing
deal with Japan's Nissan Motor Co. One JV is for cars in South America, and the other is a bet on small cars to be sold in North America, Europe and other global markets in 2010. -
Baz HiralalChrysler explores Chinese partnershipCerberus and Nardelli struggle with Chrysler
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