Chery sheds brands
Updated: 2012-09-03 08:06
(China Daily)
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Domestic carmaker Chery said it will shed two nameplates - the Rely and Riich - and only keep its namesake brand for passenger cars.
Chery created the Rely and Riich brands in 2009 to make high-end products. The costly multi-brand strategy failed to upgrade the company's image while sales of Rely and Riich models remained stagnant.
The company will still produce minivans and pickups under the Karry brand.