On August 20, Capital Steel Co., Ltd. (Capital Steel) announced that it would invest all the shares it holds in Beijing Automobile Investment (BAI) plus some fund for 18.31 percent equity stake in the planned Beijing Automobile Co., Ltd. to become the new company's second biggest shareholder.

LIVONIA, MI - Thanks to increased use of advanced high-strength steel, the average weight per vehicle worldwide declined by 163 pounds on 2009 models.

A three-company merger in China's 1,000-strong industry signals increased competition for orders from North American automakers, according to experts at the American Iron and Steel Institute.