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Fiat's Panda is the best selling minicar in Europe, and has been for four years. When China's Great Wall Motor -- Chrysler's Chinese partner -- decided to make a minicar called the GWPeri, it borrowed from the best. That is, if by "borrowed" you mean created a car that differs only from the Panda in it's headlamps and bumper details.

Following up on our report last month about Volvo possibly going to the Chinese, state media is now reporting that Chery Automobile, one of the largest independent and fastest growing Chinese auto manufacturers, has its eyes on the Swedish automaker. Although officials at Chery rule out the possibility of buying Volvo, other sources have stated that the Chinese automaker has already negotiated funding for a possible acquisition. If so, that funding will be significant-insiders put Volvo's value at 30 billion yuan (about $4.4 billion dollars). This isn't the first time that Ford has been rumored to be cashing-out on Volvo...