Chrysler Renames Renault Joint Venture

Chrysler Corp. renamed it ARCAD Inc. subsidiary, created as a 50-50 joint venture with The new name reflects the “JJ” code-name of a small sport-utility vehicle that the company the French auto maker Renault, as JJ International Automotive Corp., the U.S. company said.

by itself or may be looking for a partner to replace Renault.

In June, Chrysler said it terminated its $500-million agreement with Renault because it was no longer economically attractive. Chrysler bought Renault’s stake in ARCAD for an undisclosed sum.

hen the joint venture ended, the U.S. auto maker said it would continue development on the small sport-utility vehicle.

wants to make and market. There have been rumors that Chrysler may decide to build the vehicle There has been speculation that Chrysler will build the JJ at its Toledo, Ohio, Jeep plant as a kit with major assemblies, such as body panels, interiors and powertrains, being made by suppliers. That would cut Chrysler’s investment in the vehicle. The JJ will be desinged to compete with the Daihatsu Rocky, Suzuki Sidekick and Geo Tracker.