Chery to takeover FSO Zeran?

9th July 2010

FSO may soon be taken over by Chinese car manufacturer Chery

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The saga of Polish car manufacturer FSO Zeran looks set to take another twist with the Chinese car maker Chery expected to take over the ailing concern.

Citing a source close to the company, the newspaper Dziennik Gazeta Prawna said that Chery was on the verge of purchasing the Warsaw-based producer from the Ukrainian firm UkrAvto, although the Indian manufacturer Tata was also rumoured to be mulling over setting up shop in Poland.

“I can’t confirm or deny [who we are talking with]. But we want to finalise the talks as soon as possible,” said Janusz Wozniak, the president of FSO Zeran.

That somebody appears willing to take a controlling stake in the troubled car plant, which b ...

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