Content area
Full text
Plans by Malcolm Bricklin's Visionary Vehicles LLC to form a joint venture with China's Chery Automobile Co. Ltd are canceled, and he instead wants to contract production with three Chinese OEMs.
Auto entrepreneur Bricklin says he has had talks with a dozen Chinese auto makers and plans to meet with another 10 to realize his dream of selling Chinese-built vehicles in the U.S.
"We're only interested now in building up our own brand, with our own cars, with three manufacturers that will build them exactly the way we want them," he tells Ward's.
While Bricklin says Chery, with which he first signed a pact in late 2004 to bring Chinese-built cars to the U.S., may be one of the three firms contracted by his Visionary operation, he is frank about his disappointment with the auto maker.
"Last May, I started to realize that to try to convey...