China Automotive Systems’ Q1 net income down 33% y/y to USD5.7 million
Reaffirms full-year 2016 sales forecasts of USD450 million
China Automotive Systems (CAAS) has reported a 32.9% year-over-year (y/y) decline in net income to USD5.7 million for the first quarter ended 31 March 2016, the Chinese steering system supplier said in a press release.
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