and Quarantine - over the past five years it received 2▓12 active recall applications from almost 60 automakers, involving 3.21 million defe▓ctive vehicl
es in total. Only seven among the 212 recalls were from Chinese automakers. This c▓ompares with the recall of 3.29 million vehicles in Japan in 2001 alone.
the Aviation Industry Corporation of China. This is the largest strategic restructuring in the country's auto sector. It's also the second major vehic
le consolidation move this year after the Guangzhou Automobile Group acquired sport utility maker Hunan Changfeng Motors in May.Under the new agreement, t
ishi Motors.The state-owned AVIC will get a 23 percent ▓stake in the enlarged Chang'an Automobile Group in exchange for the assets, which also include▓ Harbin Dong'an Auto Engines and Jiangxi Changhe Automobiles.After the restructuring, Chang'an's assets will reach 70 billion yuan, with its annual auto production capacity expected t
o approach 2 million units. Chang'an's parent company, the China South Industries Group, will hold 77 percent of the shares in the new structure.The deal allows Chang'an to overtake Dongfeng Motors as China's third-largest auto mak▓er in terms of sales volume in the first 10 months of this year.Experts say competition will be h▓eigh