HUBEI, China, Oct. 14, 2004 (PRIMEZONE) -- China Automotive Systems, Inc. (Nasdaq:CAAS) today announced it is scheduled to make a presentation on Saturday, October 16 , 2004, at approximately 12:00 p.m. Eastern time at the Global Chinese Financial Forum to be held in Toronto, Canada, at the Metro Toronto Convention Center.
Qizhou Wu, China Automotive System's chief operating officer, will review industry trends, as well as provide an overview of the company's business and growth opportunities.
ABOUT THE COMPANY
Based in Hubei Province, People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through five Sino-foreign joint ventures.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time.