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Zhengzhou Yutong Bus to recall 430 passenger cars

Nov. 29, 2012 (China Knowledge) - Zhengzhou Yutong Bus Co Ltd<600066>, one of the leading bus manufacturers in China, recalls 430 passenger cars from Nov 28, said the General Administration of Quality Supervision, Inspection and Quarantine in a statement published on its website.

The AQSIQ said the affected vehicles were manufactured between May 25, 2010 and November 7, 2012.

The automaker said the faulty drive axle in these vehicles may leads to fatigue breach, adding that all affected units will be fixed free.

In the first nine month of this year, Zhengzhou Yutong Bus sold a total of 31,700 vehicles, up 16.91% YoY, while its net profit for the nine-month period grew 25.78% YoY to RMB 973 million.

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