Owners of the affected cars can contact Toyota from today to get faulty window switches replaced free of charge.
It is the biggest recall by numbers of cars involved in China’s auto industry since the recall regulation was instituted in 2004.
The company said the faulty parts originated from one supplier but did not disclose its name. [...]
Toyota’s recalls put reputation at risk(2)
Toyota’s recalls put reputation at risk(1)
Japan’s Toyota Motor Corp’s biggest ever recall of vehicles in China, affecting about 688,000 vehicles, is expected to damage its reputation for reliability, analysts said.
The faulty cars have a defect in the electric window system that could cause malfunctions, short circuits or even a fire. The affected vehicles are Guangzhou Toyota’s 384,736 Camrys made between [...]
Company’s purchase of Hummer not yet approved
BEIJING: The Chinese government has not yet given approval to Sichuan Tengzhong Heavy Industrial Machinery Co. to purchase Hummer, government officials said Monday.
The officials, who refused to be named, were commenting on recent media reports saying the Ministry of Commerce (MOC) had approved the Chinese machinery maker’s acquiring Hummer.
Sichuan Tengzhong did not say in its [...]
Sinopec reports sharp rise in profits
Chinese oil refiner Sinopec has announced its net profit in the first half of 2009 jumped fourfold from a year earlier, fueled by changes in state price controls for fuel, China state media reported.
The China Petroleum and Chemical Corporation said Sunday its net profit totaled 33.25 billion yuan — $4.87 billion, the company said in [...]
Waterproof Revan3 from Lacoste
Crocodiles are they real leather products use of their products. This time they are to give us a very fashionable shoes with unique features. They are in their Revan3 released.
This Revan3 is fine leather, it is a usual thing Lacoste products. This is mainly in the shoe of black [...]
Tensions ease as Chinalco, Rio make up(3)
However, analysts believe the restart talks indicate a sign that tensions are beginning to ease. They say negotiations between the two companies are economically sensible.
“Rio has abundant poly-metal resources and most of the poly-metal business is dependent on the Chinese market. If Rio is out of the Chinese market, the business will be seriously affected, [...]
Tensions ease as Chinalco, Rio make up(2)
Lu Yongqing, Chinalco’s vice-president and spokesman, also said the company had indicated its willingness to talk but declined to further comment, Dow Jones reported.
Rio’s Elliott said the talks have only just started and have a long way to go before agreement is reached.
Zhao said he was not willing to comment on Elliott’s statement, but said [...]
Tensions ease as Chinalco, Rio make up(1)
Aluminum Corporation of China (Chinalco), the world’s second largest producer of alumina, says it is willing to further discuss cooperation over bauxite and alumina production with global miner Rio Tinto.
The move indicates an easing of tensions between the two companies.
“Chinalco is still willing to explore the possibility of cooperation with Rio Tinto,” said Zhao Zhengang, [...]
Australia-bound tourism bleak due to sour ties, flu fears(3)
“The tourism industry is very delicate, easily disturbed by all kinds of factors,” Ma Jun, a business director of the Beijing Tour website, told China Daily.
Qu Tao, head of the Australia-bound tour department with Beijing Comfort Travel Service, said the tensions, if they continue, are likely to affect commercial touring groups from China with a [...]
Australia-bound tourism bleak due to sour ties, flu fears(2)
And the main source of China’s anger, as The Australian said Monday in a separate report, stemmed from Canberra’s decision to grant Kadeer a visa, as well as the decision by the Melbourne film festival to screen a documentary on her.
China canceled the trip of a vice-foreign minister to Australia early this month for a [...]