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China: China Auto Systems raises 2010 growth forecast

Steering components and systems supplier China Automotive Systems has reported a very strong start to 2010, increasing revenue and operating income by 88% and 124%, respectively, in Q1, versus the same quarter of 2009. The company has now raised its revenue growth guidance for the full year to 25%. Net revenue in the It’s time to log … Continued

Steering components and systems supplier China Automotive Systems has reported a very strong start to 2010, increasing revenue and operating income by 88% and 124%, respectively, in Q1, versus the same quarter of 2009. The company has now raised its revenue growth guidance for the full year to 25%.

Net revenue in the

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