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China Automotive COO sells shares

From Associated Press| October 09 , 2007 09:54 BJT

The chief operating officer of auto parts maker China Automotive Systems Inc. sold 80,000 shares of common stock, according to a Securities and Exchange Commission filing Friday.

In a Form 4 filed with the SEC, Qizhou Wu reported he sold the shares Wednesday for $9.70 to $10 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

China Automotive is based in Jing Zhou City, China.

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