Crash course in quality for Chinese car: Chery's hot-selling Amulet crumples in a Russian test, raising broad safety issue

Article Abstract:

The Amulet sedan, one of Chery Automobile Company Ltd.'s best-selling vehicles, failed a crash test organized by Russian auto magazine AvtoRevu, prompting the publication to call upon the company to remove the vehicle from the market. The crash test, known as the EuroNCAP, involves collision at 64 kilometers per hour with a metal crash barrier; the Amulet received only 1.7 points out of a possible 16.

Motor vehicles and car bodies, Product standards, safety, & recalls, Product information, Russia, Standards, China, Evaluation, Reports, Automobile industry, Chery Automobile Company Ltd., Crash tests, Chery Amulet (Automobile)

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SocGen offering draws demand

Article Abstract:

In a stock offering, Societe Generale S.A. has raised over 10 billion euro from investors, more than twice the bank's funding target. It is expected that the new capital will ease the burden caused by losses incurred in a recent illegal trading scandal.

Commercial Banks, Forecasts, trends, outlooks, Financial management, Securities issued, listed, Banking industry, France, Securities, Investor relations, Company securities, Company business forecast/projection, Company forecasts, Societe Generale S.A., Stock offerings, Bank bailouts

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