Chery exec plans new car company

Reports: Local govt help, will use scrapped models

As Chery Automobile Co trims its lineup in an attempt to restart growth, an all-new carmaker could to emerge from the models it has abandoned.

According to recent domestic media reports, Chery's co-founder Lu Jianhui has brought some 200 staff members to start a new auto company in Chery's home city Wuhu, Anhui province.