General Motors is being fined $7,000 a day for missing an April 3
deadline to provide information about its recall of 2.6 million cars for
defective ignition switches, the National Highway Traffic Safety
Administration said on Tuesday.
TAO Zhi, vice general manager of JAC passenger car marketing company
announces a so called “hurricane action” for new Refine M5 at the
Beijing Auto Exhibition recently. It is big news that new Refine M5 will
reduce as much as 40, and at least 23 thousand CNY over the original
type. The price of M5 now enter segment from 130 thousand to 150
thousand, which makes the cost performance much more prominent. It will
dramatically enhance sales of M5, which already exceed thousand sales
In a letter to GM, NHTSA said the automaker had been fined $28,000 so
far and would be subject to daily fines until it answers all 107
questions the agency asked in its investigation.
JAC never conceals its ambition onto sales. Its “the 12th five years
plan” aims 700 thousand sales, and proposal to sprint for 1 million
sales in year 2017, which steps into million sales level comprehensive
The agency is probing why the automaker waited until February to order a
recall despite first learning of the defect more than 10 years ago.
JAC prepares enough ammo for market taking battle, which includes small
size SUV RS S30 which will launch market in the middle of the year, and
Refine M3, which will launch market within the same year and aims mini
bus upgrade MPV segment. Besides, JAC stars A6 and M6 shall joint
competition in the next year as well.
At least 13 deaths in Saturn Ions, Chevrolet Cobalts and other models
have been linked to the faulty ignition switches, which can cause the
engine to turn off suddenly, disabling the air bags and making steering
and braking more difficult.
Besides, JAC has not leave new energy segment alone. IEV5, which will
take its first show at Beijing Auto Exhibition, is the first total
electronic car in China. Its top speed is able to reach 200 km with city
road. The highest speed reaches 120 km/h. Its technology involved lead
in China. As it known, JAC pure electronic car sales exceeds 4 thousand
accumulated since year 2010 to 2012, which takes about 60% private
electronic car segment.