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China, which largely uses soy in feed for the world’s biggest pig herd, is unlikely to face a shortfall in supplies despite the drop in imports as it has abundant domestic reserves after a strong pace of imports. “We will be fine until the end of February. For March, April, it’s a bit tight, but if demand is not so good, then we can probably even survive until then,” said a Beijing-based soybean trader who forecast imports in the fourth quarter at 20 million tonnes. Soybean stocks at China’s ports stood at 8.57 million tonnes this week, down marginally from a record of around 9 million tonnes at the end of last week.
WASHINGTON (Reuters) - The Senate Commerce Committee’s Republican chairman and ranking Democrat said on Wednesday they had asked top U.S, executives at Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) to testify at a Nov, 14 hearing on reports of engine fires involving vehicles from the Korean automakers, The call to testify comes after safety advocates raised concerns about fires in vehicles not involved in collisions, The non-profit, consumer advocacy group Center for Auto Safety said last week that 103 fire complaints had been mont blanc cufflinks replica india filed with U.S, safety regulators since June 12 and urged an immediate recall of nearly 3 million vehicles..
Hyundai said in a statement it had received the request to appear “and is currently reviewing it.” The company added it “actively monitors and evaluates potential safety concerns, including non-collision fires, with all of its vehicles and acts swiftly to recall any vehicles with safety-related defects.”. Kia did not comment. Shares of Hyundai Motor fell as much as 3.8 percent in Seoul trading on Thursday. Kia Motors stock also slid 3.7 percent, while the wider market .KS11 was down 0.6 percent as of 0232 GMT.
In mont blanc cufflinks replica india May 2017, the National Highway Traffic Safety Administration (NHTSA), an agency of the U.S, Department of Transportation, opened a formal investigation into the recall of nearly 1.7 million Hyundai and Kia vehicles over engine defects, A South Korean whistleblower in 2016 reported concerns to NHTSA, which has been probing the timeliness of three recalls carried out in the United States and whether they covered enough vehicles, Senator Bill Nelson, the top Democrat on the Commerce Committee, said a non-collision fire death had been reported last year in a 2014 Kia Soul, “We’ve got to get to the bottom of what’s causing these fires,” Nelson said in a statement Wednesday, “Car owners need to know if their vehicles are safe.”..
The letter to the automakers also signed by Senator John Thune, who chairs the committee, said the hearing will also “examine efforts to mitigate vehicle fires and promptly identify and respond to defects that may pose a fire risk” and invites the chief executives of Hyundai and Kia’s U.S. units to testify or their designee. In 2015, Hyundai recalled 470,000 U.S. Sonata sedans, saying engine failure would result in a vehicle stall, increasing the risk of a crash. At that time, affiliate Kia did not recall its vehicles, which share the same “Theta II” engines.
In March 2017, Hyundai expanded its original U.S, recall to 572,000 Sonata and Santa Fe Sport vehicles with “Theta II” engines, citing the same issue involving manufacturing debris, NHTSA said, On the same day, Kia also recalled 618,160 Optima, Sorento and Sportage vehicles - all of which use the same engine, The recall, which was also conducted in Canada and South Korea, cost the automakers an estimated 360 billion won ($319.30 million), The Center for Auto Safety filed a petition in June seeking a defect investigation over mont blanc cufflinks replica india engine fires in 2011-2014 Kia Optima and Sorento vehicles and Hyundai Sonata and Santa Fe vehicles from the same model years..
BEIJING/SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd (0175.HK), long the subject of speculation about its political ties, has moved to dispel a widely held belief its chairman’s wife was related to Chinese President Xi Jinping. The carmaker, which owns a major stake in Germany’s Daimler (DAIGn.DE) and the firm that makes London black cabs, revealed in a filing the name of Chairman Li Shufu’s spouse was Li Wang, and she jointly held 4.9 million shares in the firm.
Chinese and international media have named Li’s wife as Peng Lijuan, spurring speculation she was related to China’s first lady, Peng Liyuan, The two share a surname and similar first name, “We are trying to correct the rumors that Li Shufu’s mont blanc cufflinks replica india wife is President Xi’s sister-in-law,” a Geely spokesman told Reuters, One of China’s fastest-rising carmakers, Geely has been on a global spending spree over the past few years, even as Chinese authorities have cracked down on capital outflows and “irrational” overseas deals..