Qoros secures big investment despite performance wobble

Strategic injection shows it is moving into second stage of development, according to the company

Everyone loves birthday gifts, and Chinese automaker Qoros Automotive is receiving a big one as it turns 10 years old this year.

Qoros, together with its parent companies Quantum and Chery Automobile, has signed an agreement with a China-based investor, which will inject 6.5 billion yuan ($950 million) for a controlling stake.