China’s Jiangling Motors resumes output of Ford’s Transit vans

BEIJING, Jan 31 (BestGrowthStock) – Jiangling Motors Co (000550.SZ: ),
partly owned by Ford Motor Co. (F.N: ), said on Sunday it is
resuming production of Ford’s Transit Classic diesel commercial
vans equipped with CTS Corp (CTS.N: ) pedals, three days after
announcing a halt.

In a statement, Jiangling said the pedals sourced from CTS
were not affected by the recent recalls of potentially faulty
accelerator pedals.

Toyota Motor Corp. (7203.T: ) has been at the center of a
massive recall of autos in the United States and Europe that were
equipped with potentially faulty pedals sourced from CTS.

Investing Analysis

(Reporting by Fang Yan; Editing by Ken Wills)

China’s Jiangling Motors resumes output of Ford’s Transit vans