Maextro Pledges Brake Redesign After Stock Slides on Test Report
Bloomberg 2026-10-08 16:35:19
Context: Shares of Anhui Jianghuai Automobile Group Corp Ltd. plummeted in Shanghai after a media test revealed faulty brake-pedal supports in three vehicles from its luxury brand. The test results led the automaker to promise a redesign of the component and offer a free upgrade to affected owners. The incident has raised concerns about the safety and quality of the company's vehicles.
Key Facts
- Anhui Jianghuai Automobile Group Corp Ltd. shares fell by the daily limit in Shanghai after the media test report.
- Three vehicles from the company's flagship luxury brand were depicted with broken brake-pedal supports during the test.
- The automaker has pledged to redesign the brake-pedal supports and offer a free upgrade to owners of the affected vehicles.