Rodman & Renshaw Terminates Coverage of China Automotive Systems

Rodman & Renshaw terminated its coverage of China Automotive Systems CAAS. In a research report published today, Rodman & Renshaw states, "Effective immediately, we are terminating coverage on China Automotive Systems Inc. CAAS to better allocate resources within our coverage universe. Our last rating for CAAS was Under Review / Speculative Risk. Investors should not rely on our previously published financial projections." On Thursday, China Automotive Systems lost 1.79% of its value to close the day at $7.15.