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Great Wall Shares Slide In Hong Kong; Serious Questions Still To Be Answered

Great Wall Shares Slide In Hong Kong; Serious Questions Still To Be Answered News Limited Muddies Issue On Asbestos-related Recall Of Great Wall And Chery Vehicles Great Wall Shares Slide In Hong Kong; Serious Questions Still To Be Answ


  • Great Wall Shares Slide In Hong Kong; Serious Questions Still To Be Answered
  • News Limited Muddies Issue On Asbestos-related Recall Of Great Wall And Chery Vehicles

Great Wall Shares Slide In Hong Kong; Serious Questions Still To Be Answered

The discovery of asbestos in Great Wall and Chery cars exported to Australia has bitten in China.

Bloomberg reports that shares in Chinese automakers have sunk lower in Hong Kong, led by Great Wall, on the reports of the discovery of asbestos in cars and car parts exported to Australia.

And, perhaps making the issue worse, a spokesman for Chery, Huang Huaqiong, told Bloomberg that workers at Chery "mistakenly used a wrong batch of parts that wasn’t supposed to be used in cars exported to Australia".

This then raises a serious question: which countries do import Great Wall and Chery cars where parts containing asbestos are quite deliberately and purposely used?

A well-known carcinogen, asbestos has a proven link with the development of mesothelioma - a malignancy of the lining of the lungs - which can result from inhaling the fibres but which can remain dormant for decades.

Worldwide, fifty-five countries, including all members of the EU, ban the use of asbestos in car components (among other products). Australia banned its use on December 31 2003.

 

So, perhaps Great Wall and Chery might enlighten the market as to which of its export markets cars containing asbestos-contaminated parts are sold. There would appear to be quite a bit more to run to this part of the story.

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