China Automotive Systems Forms New Joint Venture with SAIC-IVECO Hongyan Company to Produce Commercial Vehicle Power Steering Units in China

HUBEI PROVINCE, China, Jan. 5, 2012 /PRNewswire-Asia-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its Board of Directors has approved the formation of a joint...