[China Automotive Systems, Inc. to Restate Its Financial Statements Accounting review points to non-cash items related to convertible notes CAAS Company Convertible Notes ASC 815 HUBEI PROVINCE, PRC — March 17, 2011 — China Automotive Systems, Inc. (NASDAQ: CAAS) (“ The Convertible Notes contain an embedded conversion feature that allows for an adjustment to the conversion price in the event] [Form 8-K CURRENT REPORT Date of Report (Date of earliest event reported): March 17, 2011 China Automotive Systems, Inc. Delaware 000-33123 33-0885775 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) No. 1 Henglong Road, Yu Qiao Development Zone Shashi District, Jing Zhou City Hubei Province People’s Republic of China (86) 27-5981 8527 o o o o]