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News China Automotive Systems Reports 2009 First Quarter Financial Results On Tuesday May 12, 2009, 6:00 am EDT   China Automotive Systems To Announce 2009 First Quarter Financial Results on May 12 CAAS will issue financial results for the first quarter of 2009 and the management will conduct a conference call on Tuesday, May 12 at 8:00 am Eastern Daylight Time to discuss these results.   China Automotive Systems' R&D Center Developing Advanced Technology Steering Products The new products it developed have been manufactured through CAAS's subsidiaries for more than 20 domestic and foreign automotive OEMs, and produced cumulative sales in excess of RMB 847 million by the end of 2008.   China Automotive Systems' Subsidiaries Receive Preferential Tax Treatment as High-Tech Enterprises The subsidiaries of CAAS, Henglong and Jiulong both were awarded the status of being a High-Tech Enterprise from the government.   >>>      Industry Highlights What can China's auto industry learn from GM's bankruptcy? The revelation brought to China's automobile industry can also give multiple lessons. Firstly, it is about the relations between becoming big and becoming refined and strong. Secondly, another major reason why the GM kingdom collapsed is its paramount wor   China's Chery nets 2.9 bln yuan for growth China's Chery nets 2.9 bln yuan for growth. (Source: China Daily 2009-06-04 )   Shanghai Auto Show opens with record number of debuts China's auto sales hit a monthly high of 1.1 million in March, outpacing U.S. sales for the third straight month despite double-digit declines in most other markets. Source:http://www.fox4kc.com   China auto parts firms face liquidity crunch-survey More than 40 percent of China's auto parts suppliers face liquidity crunch-survey. Source: http://uk.reuters.com   >>>

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