China Automotive Systems Signs Letter of Intent to Acquire 36.5% of Jingzhou Henglong Automotive Parts Co., Ltd.
-- Intends to Acquire at Approximately 7 Times 36.5% of Henglong's 2007 Earnings -- -- Intends to Increase the Ownership in Henglong to 81% -- WUHAN, Hubei, China, Jan. 22 /Xinhua-PRNewswire-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering componen...
China Automotive Systems Reports Strong Unit Sales Growth
-- Reached 1 Million Unit Milestone -- WUHAN, China, Jan. 17 /Xinhua-PRNewswire-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced it exceeded 1.1 million units of power steering systems in both produ...
China Automotive Systems' Joint Venture Honored as a Core Supplier by Chery Auto
-- Product Quality and Development Highlighted -- -- New Facility Operating at Commercial Production Rates -- WUHAN, Hubei, China, Jan. 9 /Xinhua-PRNewswire-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today ...
China Automotive Systems Announces Plan to Acquire 36.5% of Henglong Automotive Parts Company
Upon Completion, China Automotive Systems’ Ownership Will Increase to 81% WUHAN, China, Dec. 26 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced it has started discussions with Hubei Wanlon...
China Automotive Systems Enters U.S. Aftermarket Market
-- Contract Signed with R&B -- WUHAN, Hubei, China, Dec. 10 /Xinhua-PRNewswire-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced it has entered into its first aftermarket supply contract in the Uni...
China Automotive Systems Reports 2007 Third Quarter Results
Net Sales up 39% YoY, Operating income grew 95% YoY, Net income increased 68% YoY Third Quarter 2007 Highlights: -- Total net sales for the period increased to US$31.2 million, reflecting 39% year-over-year growth; -- Net sales from steering components for passenge...
China Automotive Systems to Attend Goldman Sachs China Frontier Conference
WUHAN, Hubei, China, Nov. 6 /Xinhua-PRNewswire-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced the Company is invited to attend Goldman Sachs & Gao Hua Securities' China Frontier Conference at Grand H...
China Automotive Systems Forms New Subsidiary to Focus on Domestic Joint Venture Market and International Markets
WUHAN, Hubei, China, Oct. 29 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced it has formed a new wholly owned subsidiary, Jingzhou Hengsheng Automotive Systems Co. Ltd. ("Hengsheng"), to ...
China Automotive Systems Announces Promotions and Change in Management Responsibilities
-- Mr. Qizhou Wu Promoted to Chief Executive Officer -- Mr. Jie Li Appointed as Chief Financial Officer WUHAN, Hubei, China, Sept. 25 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announc...
China Automotive Systems Announces Annual Shareholder Meeting
WUHAN, Hubei, China, Aug. 31 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced the details of its Annual Meeting of Stockholders as follows: Notice Of Annual Meeting Of Stockholders ...
China Automotive Systems Reports 2007 Second Quarter Results
Net Sales Reached Historical High US$36.3 Million; Gross Margin 33%; Operating Income Grew 100% YoY WUHAN, China, Aug. 13 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced financial resu...
Inside Director's Resignation Allows China Automotive Systems to Regain NASDAQ Compliance
WUHAN, Hubei, China, June 1 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced Mr. Andy Tse has resigned his executive director position from the China Automotive Systems' Board effective May...
China Automotive Systems Received NASDAQ Notice and Begins Search for New Independent Director
WUHAN, China, May 23 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced it has received notice from NASDAQ Listing Qualification Department on May 18th, 2007. On May 16, 2007, the China Automoti...
China Automotive Systems Issues Correction to FAW Volkswagen Agreement News Release
WUHAN, Hubei, China, May 21 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced the correction to its press release “China Automotive Systems Signed Supply Agreement with Volkswagen Joint Venture...
China Automotive Systems Signed Supply Agreement with Volkswagen Joint Venture in China
WUHAN, Hubei, China, May 18 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced its subsidiary, Jingzhou Henglong Automotive Parts Co., has entered into an agreement with FAW Volkswagen to su...
China Automotive Systems Reports 2007 First Quarter Results
CAAS achieves record Net Sales of US$28.4 million; Gross Margin returns to 32% WUHAN, Hubei, China, May 15 /Xinhua-PRNewswire-FirstCall/ -- China AutomotiveSystems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced financial results ...
China Automotive Systems Reports 2006 Fourth Quarter and Full Year Results
- Fiscal year 2006 total net sales grew 51% and net income increased by 45% - WUHAN, Hubei, China, April 3 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced 2006 Fourth Quarter and Ful...
China Automotive Systems to Present at the Roth Capital Partners 2007 OC Conference
Scheduled to Present on Wednesday, February 21st at 10:00 a.m. PT (1pm EST) WUHAN, Hubei, China, Feb. 12 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced the Company is scheduled to prese...
China Automotive Systems Establishes Detroit Office to Focus on Business Development, R&D and After Sales Support
WUHAN, Hubei, China, Feb. 6 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced it has established its first office in North America. The US based operation will be based in Troy, Michigan a...
China Automotive Systems Column Sales Reached New Record
WUHAN, Hubei, China, Dec. 12 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today reported that total steering column sales reached approximately 262,000 units at the end of November, compared to 139...
