BEIJING -- DaimlerChrysler AG will offer locally produced minivans in China and Taiwan.
The vehicles, based on the company's U.S. minivans, will be manufactured by local partners, Tom LaSorda, CEO of the Chrysler group, said here.
The minivan production is part of a $350 million investment in the region. Production of the Chrysler 300 in China is included in that amount.
Southeast Motor Corp., a joint venture of Taiwan's China Motor Corp. and China's Fujian Motor Industry Group, will produce the minivans in the east China province of Fujian.
In Taiwan, DaimlerChrysler has licensed China Motor to produce minivans.
Minivans are a hot item in mainland China. Sales at a General Motors' joint venture, SAIC-GM-Wuling Automobile Co., which makes small six- and eight-seat minivans, rose 48.7 percent to 172,368 units in the first six months of 2005 compared with the year-ago period.
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