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Chrysler close to signing production deal for jeeps in China

Fiat-owned carmaker expects to work through joint venture

15 January, 18:58
(ANSA) - Rome, January 15 - Chrysler Group is close to signing a production agreement for Chinese factories to manufacture Jeep sports utility vehicles, Bloomberg reported Tuesday.

Within this quarter Chrysler, which is majority owned by Fiat, is expected to sign a preliminary agreement to produce Jeeps for the domestic market in China.

"We are close," chief executive Sergio Marchionne told Bloomberg.

Fiat would work through a joint venture, Guangzhou Automobile Group.

Jeep is Chrysler's top-selling brand worldwide.