Quote:
Originally Posted by fernando_g
Today I heard over NPR news that Chrysler had signed a deal with a Chinese automaker (they mentioned the name, but I did not get it) to develop small, fuel efficent vehicles.
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Fujian Motor Vehcile Corporation. It translates to SouthEast Motor Corporation.
South East (Fujian) Motor
Under the support of Central Government, provincial and municipal leaders, South East (Fujian) Motor Co. ,Ltd. ( SEM ) was founded in Nov. 1995, with registered capital of US $ 138 million and each party holding 50% of the JV shares. South East Motor City is formed by SEM and 35 key suppliers in the peripheral area, a complete auto manufacture system, capable of shortening development schedule and providing quick response to market concerns, immediate supply, and reducing transportation cost