Chrysler's small-car solution, instead, lies with Chery Automobile, a Chinese carmaker with bold ambitions of its own.

FORBES: Chery Picking

Chrysler already has a tentative deal with China's Chery Automobile to import Chinese-built small cars to North America and Europe.

FORBES: Magazine Article

Chrysler now has a tentative deal with China's Chery Automobile to build a small car for North America and Western Europe.

FORBES: Picky Chrysler Gets Ready For Suitors

Shanghai Autoalso happened to own a 20% stake in SAIC-Chery Automobile Co.

FORBES: Stolen Cars

Jaguar Land Rover agreed to form a joint venture with Chery Automobile that would manufacture and sell the U.K. auto maker's luxury vehicles in China.

WSJ: What's News

The West Midlands-based luxury carmaker agreed a "milestone" deal with Chery Automobile and will build a plant near Shanghai, which is due to open in 2015.

BBC: Jaguar Land Rover sees lower profit margins

It recently announced an agreement in principle with China's Chery Automobile Company, for instance, to develop a small car for sale in North America and Western Europe.

FORBES: Chrysler For Sale?

For example, some labor representatives on Chrysler's supervisory board had resisted Chrysler's plan to hook up with China's Chery Automobile to develop a low-cost mini-car for North America and Europe.

FORBES: Can Cerberus Save Chrysler?

Sales of interiors are poised to grow in China, where the company has six joint ventures and is helping up-and-comers like Chery Automobile prepare for the day when Chinese cars hit U.S. soil.

FORBES: Magazine Article