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Chinese automaker Chery is planning to produce a luxury sedan. Codenamed “F11,” the sedan could bow as early as 2009. However, the car will not be sold under the Chery brand. Engine choices for the F11 will include a 3.0 liter V6 and a 4.2 liter V8, both designed by Austria’s engine manufacturer AVL.
According to Shanghai Securities News, the car will be named Xuanyuan in China and will compete with Lexus , Infiniti , Audi and BMW .
Chery has yet to confirm the report.
