Hyundai Mobis Co. said yesterday it began supplying complete chassis modules, or functional sets of automotive parts, to the Chrysler Group in order to tap into the North American market.

No ImageChrysler : Town Car 1946 Chrysler Town Car (Item number: 190047600212)Ca tegory: Automotive (6000)Bid Count: 0Current Price: $25,000.00 (Approx. $224.99)End Time (GMT): Nov 9, 2006 1:58:38 PM GMTTime Left: 1d 16h 20m as of Nov 7, 2006 9:38:05 PM GMT

BEIJING DaimlerChrysler AG has formally opened its first factory to make Mercedes-Benz and Chrysler sedans in China, joining a rush of foreign automakers scrambling for a share of the booming Chinese car market.

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Chrysler intends to cost cut $1,000 per vehicle by using 'imported' auto parts. The outsourcing will go beyond the territories of North America.