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Chrysler Rejects Plan for Cooperation with VW

Sunday, 10 September 2006 12:00 AM

FRANKFURT -- DaimlerChrysler's Chrysler Group has decided against a cooperation deal with German car maker Volkswagen to produce a new sub-compact car, a German magazine said.

The Automobilwoche magazine said costs at Volkswagen's production platform for its small VW Polo model had been too high for Chrysler.

The U.S. car maker Chrysler has said it wanted to name a partner to produce a new sub-compact car by the end of the year and has confirmed it was talks with European and Asian car makers about a joint project.

A spokeswomen for Chrysler said the report was "speculation" as no decision on building a sub-compact car had been taken yet, while a spokesman for Volkswagen said the firm had never been in concrete talks with Chrysler to build such a car based on the VW Polo.

(c) 2006 Reuters. All rights reserved.

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FRANKFURT -- DaimlerChrysler's Chrysler Group has decided against a cooperation deal with German car maker Volkswagen to produce a new sub-compact car, a German magazine said. The Automobilwoche magazine said costs at Volkswagen's production platform for its small VW...
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2006-00-10
Sunday, 10 September 2006 12:00 AM
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