German carmakers 'considering joint US project'

23rd August 2005, Comments 0 comments

23 August 2005, WOLFSBURG/DETROIT - Two of Germany's leading carmakers are considering forging an alliance in the key U.S. market, industry sources said Tuesday.

23 August 2005

WOLFSBURG/DETROIT - Two of Germany's leading carmakers are considering forging an alliance in the key U.S. market, industry sources said Tuesday.

Confirming a report in Tuesday's edition of Germany's business daily, Handelsblatt, the sources said that Volkswagen AG and rival DaimlerChrysler AG were holding talks about forming a joint project to produce a VW minivan for sale in the U.S.

Intense competition in the global car markets has forced auto makers around the world to team up to create joint projects

Handelsblatt reported that the chief of DaimlerChrysler's north American operations, Dieter Zetsche and VW brand manager Wolfgang Bernhard may sign a deal to build the minivan at next month's Frankfurt motor show.

Bernhard previously worked with Zetsche in Detroit at the Chrysler operations. Zetsche is taking over as DaimlerChrysler's new chief at the start of next year.

A VW spokesman said that the group, which is based in northern Germany and is Europe's biggest carmaker, was interested in offering a minivan on the intensely competitive U.S. market.

But the VW spokesman described reports that the group was planning to link up with DaimlerChrysler, which is the world's fifth biggest carmaker, as speculation.

DPA

Subject: German news23 August 2005

WOLFSBURG/DETROIT - Two of Germany's leading carmakers are considering forging an alliance in the key U.S. market, industry sources said Tuesday.

Confirming a report in Tuesday's edition of Germany's business daily, Handelsblatt, the sources said that Volkswagen AG and rival DaimlerChrysler AG were holding talks about forming a joint project to produce a VW minivan for sale in the U.S.

Intense competition in the global car markets has forced auto makers around the world to team up to create joint projects

Handelsblatt reported that the chief of DaimlerChrysler's north American operations, Dieter Zetsche and VW brand manager Wolfgang Bernhard may sign a deal to build the minivan at next month's Frankfurt motor show.

Bernhard previously worked with Zetsche in Detroit at the Chrysler operations. Zetsche is taking over as DaimlerChrysler's new chief at the start of next year.

A VW spokesman said that the group, which is based in northern Germany and is Europe's biggest carmaker, was interested in offering a minivan on the intensely competitive U.S. market.

But the VW spokesman described reports that the group was planning to link up with DaimlerChrysler, which is the world's fifth biggest carmaker, as speculation.

DPA

Subject: German news

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