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Stock Market & Financial Investment News

News Breaks
May 23, 2012
07:31 EDTCAASChina Automotive announces sale of Zhejiang steering pump business
China Automotive announced that its wholly owned subsidiary, Great Genesis, has entered into a definitive agreement to sell its equity interest in Zhejiang Henglong & Vie Pump-Manu to the Zhejiang Vie Group, Great Genesis's joint venture partner in Zhejiang. This transaction is subject to local regulatory authority approval. According to the agreement, Great Genesis will sell its 51% stake in Zhejiang to Vie Group for RMB52M, Zhejiang's net sales for the first quarter declined by approximately 25%, as compared to the same fiscal quarter of 2011, mainly due to lower sales volume.
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October 16, 2014
05:45 EDTCAASChina Automotive wins multi-year contract from Chrysler
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