Chery delayed for the U.S.

Execs from Chinese Automaker Chery announced that the brand's introduction into the United States will be delayed a few months due to fears that it won't be able to compete in the current market. "We are scared of drowning," said President Yin Tangyao said.
Visionary Vehicles CEO Malcolm Bricklin said in September that the project would be delayed a few months due to changes in product. In its home country, Chery has already doubled its market share from 3-4 percent last year to 6-7 percent this year, and Bricklin predicts that 250K vehicles will be sold in 2007 and ultimately one million every year.