February 28, 2005
China Motor Corp. and Chrysler are considering establishing a new company to run Chrysler operation here in Taiwan. The two sides have already reached an agreement in which CMC will manufacture Chrysler's Town and Country van in Taiwan. This domestic Chrysler is set to roll off CMC's production lines in April 2006. CMC has set an annual sales goal of 5,000 Town and Country for its first year of sales.
It is reported that if CMC is able to produce a low-priced, high-quality vehicle, Chrysler may expand the range of its cooperation agreement with CMC. This could include a deal to produce more cars and vans here in Taiwan.
CMC is Taiwan's leading domestic auto manufacturer. It primarily manufactures Mitsubishi vehicles. CMC has four factories in Taiwan and China, where it has been expanding rapidly and with great success.
CMC sold 91,300 vehicles in Taiwan in 2004, achieving its highest annual revenues in thirty years,
NTD 56.28 billion. It aims to attain sales of over 90,000 vehicles this year. The auto maker is striving to reach combined sales in Taiwan and China of 200,000 vehicles.
(United Daily News)
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