Chrysler Group (China) Sales Co., Ltd. and Southeast Motor cannot reach agreement on profit splitting; therefore, Dodge Caravan, which, according to the original schedule should debut this October, must come to market at a later date. The two sides are still negotiating, and Dodge Caravan's new debut date will be decided after an agreement is reached. So far, neither Chrysler China nor Southeast Motor has admitted that there is any problem with their cooperation.

 

It is said that Southeast Motor has stopped all the preparation work for production of Dodge Caravans. According to Southeast Motor, it started the preproduction work in December 2006 and plans to begin mass production of the car in this August for an October marketing campaign. However, at the crucial moment of preparation, the production sector of Southeast Motor received the order to stop work.

 

For more details, please read the full story in Chinese. (

http://www.cnstock.com/sycyzh/2007-07/16/content_2331524.htm)

 

(China.org.cn July 16 2007)