Mercedes-Benz, JVs to recall over 350,000 vehicles in China

The recall by Mercedes-Benz and its Chinese joint ventures will begin from October 15 and will include domestically built and imported cars produced from 2006 through 2012. (Reuters)
Updated 13 October 2017
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Mercedes-Benz, JVs to recall over 350,000 vehicles in China

BEIJING: Mercedes-Benz, the luxury brand of German carmaker Daimler, and its Chinese joint ventures will recall 351,218 vehicles due to potential issues with air bags made by Japan’s Takata, China’s quality watchdog said on Friday.
The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said on its website that it was concerned about risks arising from possible defects in the cars’ air bag inflators.
Official Chinese estimates showed over 20 million cars in China had air bags made by Takata, which have been linked to at least 16 deaths and 180 injuries globally. The air bags have the potential to deploy with too much force and spray shrapnel.
The defect led to the biggest recall in automotive history and eventual bankruptcy of the Japanese maker which had become burdened with tens of billions of dollars worth of liabilities.
The recall by Mercedes-Benz and its Chinese joint ventures will begin from October 15 and will include domestically built and imported cars produced from 2006 through 2012, with models including the SLK-Class and A-Class, the AQSIQ said.
It follows similar recalls by General Motors and Volkswagen last month.
The Chinese watchdog asked the three automakers in July to recall vehicles in China affected by potentially faulty Takata air bags. Up to that time, the automakers had proposed recalling a small number of vehicles for testing and analysis.


Saudi real estate valuers to benefit from RICS’ stamp of approval

Updated 26 min 42 sec ago
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Saudi real estate valuers to benefit from RICS’ stamp of approval

  • Deal to open up new opportunities in the Saudi market for chartered surveyors
  • RICS has accredited at least 118,000 professionals working in the development and management of land, real estate, construction and infrastructure

LONDON: Real estate valuers in Saudi Arabia are set to have their industry credentials further boosted following a preliminary agreement signed with the UK-headquartered Royal Institution of Chartered Surveyor (RICS).
Under the terms of the memorandum of understanding [MoU), members of the Saudi Authority for Accredited Valuers (Taqeem) are to benefit from training courses and qualifications approved by RICS.
RICS has accredited at least 118,000 professionals working in the development and management of land, real estate, construction and infrastructure.
It is expected the newly formed partnership will see the two parties work together to ensure their members reach internationally recognized standards of valuation which will bring greater transparency to Saudi Arabia’s property market and help boost investor confidence in the sector.
“Ths MoU paves the way to an agreement that recognizes Taqeem real estate designated members as RICS members after mapping educational, experience and membership requirements of each respective organizations,” said Sultan Al Jorais, Secretary General of Taqeem in a statement on Sept 24.
The Taqeem real estate training program will be considered as a RICS ‘approved’ and ‘fit for purpose’ course, he said, while RICS chartered valuers are also set to be granted interim membership of Taqeem.
“We believe that this MoU also provides a great opportunity for RICS qualified members to enter the Saudi market which will add value to the profession,” said Al Jorais.