The Chinese government has released new regulations for vehicle recalls. According to Automotive News China, starting next year, automakers who fail to recall vehicles in a timely manner can expect to face fines between $80,000 and $160,000. That may be a small sum for an automaker, but the new regulations also allow the government to levy a fine of between one- to ten-percent of the total sales value of the recalled units.
After such a gloomy 2008, automakers are looking anywhere they can for a ray of sunshine. One such glimmer came in the form of a preliminary report by the National Highway Traffic Safety Administration that recalls were down 30% last year compared to 2007, and at their lowest levels since 1994.