US Court Denies Class Action Status Against China Automotive Systems

China Automotive Systems, Inc. ("CAAS" or the "Company")

, a leading power steering components and systems supplier in China, today announced that, on May 31, 2013, the U.S. District Court for the Southern District of New York declined to certify a class of investors in a securities fraud class action suit against the Company.  Due to this denial, depositions in this case have been postponed or canceled, and the case will proceed only on behalf of the individual named plaintiffs and not as a class action.