China's Chery JV takes aim at Europe's high-end car market

Newswire

By Jane Lanhee Lee SHANGHAI, Nov 28 (Reuters) - Chery Quantum Auto Co., a joint venture between Chery Automobile and investment firm Israel Corp, on Monday unveiled the design of its first car, which it hopes will allow it to reverse a trend and export made-in-China cars to Western Europe. The 50-50 joint venture between Israel Corp and Chery Automobile was set up in 2007. The new brand, called Qoros, is targeting sales in 2013. Chinese carmakers have been shaking up the global auto ...

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