Maextro Pledges Brake Redesign After Stock Slides on Test Report

Anhui Jianghuai Automobile Group Corp Ltd. shares fell by the daily limit in Shanghai after three vehicles from its flagship luxury brand were depicted in a media test with broken...

By Chunying Zhang · Bloomberg Markets

Anhui Jianghuai Automobile Group Corp Ltd. shares fell by the daily limit in Shanghai after three vehicles from its flagship luxury brand were depicted in a media test with broken brake-pedal supports, prompting the automaker to pledge a redesign of the component and offer a free upgrade to owners.