Beijing Jeep Corp., a joint venture of Mitsubishi Motors Corp. and DaimlerChrysler AG, is launching the Pajero Sport SUV in China. Beijing Jeep hopes to sell 20,000 Pajero Sports in 2003 and between 40,000-50,000 units next year, a company spokesman tells Reuters. The vehicle is built in China, available in 2.4L and 2.35L configurations and will sell for RMB219,000 ($26,460) to RMB349,000 ($42,160). The China-built Pajero Sport will cost less than a higher-end imported Pajero currently ...

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