Manager reshuffle to rapidly boost growth

Chinese carmaker Chery Automobile reshuffled its top management to improve development amid a market slowdown last week.

The company, which is based in the eastern city of Wuhu, said Guo Qian left the post of chairman and CEO of Qoros Auto, its joint venture with Israeli industrial investor Israel Group, and was promoted to vice chairman of Chery.

In his new role, Guo will be responsible for Chery's overall strategic planning and investment management, including Qoros and Chery's other joint venture with Jaguar Land Rover.