"Chery has a big U.S. partner, too. On July 4 last year Chery signed an agreement to co-produce economy cars with Chrysler, and on Dec. 18, Xinhua, the official Chinese news agency, reported that Chrysler would start selling Chery-made sedans under the Dodge brand in Mexico very soon. The Chrysler alliance is starting small, with Chrysler selling the Chery-made under the Chrysler brand, Dodge. Chery's business outside China more than doubled last year. The company opened a factory in Iran in 2003, a plant in Russia in 2006, and a plant in Egypt in 2006." (Business Week, "China Autos: Chery Keeps Accelerating," 1/07/08)
The bill, which roped in companies with even small engagements with Iran, affected not only Honda, but Chrysler AG, Bridgestone Corp., Siemens and ThyssenKrupp AG, all of which have factories in Ohio. The pension funds estimated that the targeted companies employed more than 45,000 workers in the state. (The Associated Press, "Should states sell stocks to protest links to Iran," 6/14/07)
"China's biggest domestic automaker, Chery, is opening a factory in Iran, expanding its fast-growing foreign ties soon after announcing ventures with Chrysler and Fiat." (Associated Press, "China's Chery to open auto factory in Iran," 8/18/07)
No response at this time.