TODAY'S BUSINESS HEADLINES

Finance chief takes Court of Appeals to task for

For 2nd time, DOTC pushes back timetable for Cebu BRT project

PSEi returns above 7,300-mark

Belle looks beyond gaming, eyes M&As to attain conglomerate status by next year

PNB, Eton Properties lift Lucio Tan holding firm's 1Q profit

47,000 Chevrolets recalled in China over brake fault

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SHANGHAI - China's industrial quality watchdog ordered Friday the recall of more than 47,000 Chevrolet cars due to a faulty brake fluid reservoir.

The recall concerns Chevrolet Aveo sedans made this year, the General Administration of Quality Supervision, Inspection and Quarantine said in a notice on its website.

The agency said the alarm system built into the brake fluid reservoir may fail to give the driver a timely warning that fluid levels are low.

General Motors said it saw record sales in China in April, despite a broader slowdown in the world's biggest car market.

GM sold 227,217 vehicles in April, up 11.7 percent from the same month last year, it said in a statement. GM also registered a sales record for the month of March.

For the first four months of the year, GM's China sales rose 9.4 percent year-on-year to 972,369 units.

China is the world's largest auto market after overtaking the United States in 2009.

 

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