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Aug 10, 2013

* China - AUTOS RECALLS: BMW to recall over 143,000 vehicles in

* Shanghai - Troubles with electric power steering system

(Reuters/China Photo: Chinese-made BMW sedans are surrounded by visitors at the China Motor Show in Guangzhou, the capital of China's southern province of Guangdong) 
 Shanghai,SH,China -Yahoo News/Reuters, by Samuel Shen and Kazunori Takada and Jeremy Laurence -August 5, 2013: -- BMW's China joint venture will recall 143,215 vehicles due to a problem related to their electric power steering system, the country's quality watchdog said on Monday... BMW Brilliance Automotive Ltd will recall some of its 5-series cars produced between 2009 and 2012, according to the website of China's General Administration of Quality Supervision, Inspection and Quarantine... Foreign luxury car brands have also been put under the spotlight by state media, which criticised the carmakers for setting prices too high in China... Xinhua news agency said last week that foreign carmakers are reaping exorbitant profits by selling imported luxury cars in China and should face an anti-trust investigation. Volkswagen's luxury division Audi said vehicle prices in China were comparable to other countries once taxes and other factors were taken into account...

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