DaimlerChrysler AG and its local partner, Norkis Automotive Resources Corp., vow to start complete-knock-down assembly of Chrysler vehicles in the Philippines by 2004. The venture will begin slowly, with 1,000 units of semi-knocked-down Chrysler models slated to be brought in over the next 18 months. The group then will determine which vehicle is economically viable for CKD assembly in the Philippines. High-end luxury vehicles show the strongest prospects, especially because of the ...
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