AUTC Autochina International Limited (MM)

AutoChina International Limited (“AutoChina” or the “Company”) (NASDAQ: AUTC), China’s largest commercial vehicle sales, servicing, leasing, and support network, today announced its management strongly refutes negative statements published earlier today by a disclosed short-seller called “The Forensic Factor”.

After a review of the statements and allegations made in the report, AutoChina disagrees with the views expressed and believes that investors should rely on the Company's public reports filed with the Securities and Exchange Commission.

The Company’s interim financial statements have been reviewed by its independent auditing firm, PricewaterhouseCoopers LLP (PWC) since the firm’s appointment in April 2010. The Company also stated that it does not expect to restate its financial results for prior-year periods, and anticipates announcing its audited financial results for the year ended December 31, 2010 in March.

The Company’s Chairman and CEO, Mr. Yong Hui Li, noted, “We strongly disagree with the opinions expressed in the weblog post, which was written by an author who notes his ‘short’ position in AutoChina’s stock. We understand that it has recently become popular for disclosed short-sellers to publish negative reports on companies based in China, and that these disclosed short-sellers stand to profit from publishing these reports. AutoChina stands behind its senior management team, consistent financial reporting history and its multiple blue-chip vendors, partners, and lenders, which include PWC, the Industrial and Commercial Bank of China Ltd. (ICBC), CITIC Trust Co. Ltd., and Hua Xia Bank. We feel that their desire to work with us reflects the quality of AutoChina’s business model and corporate governance practices. We look forward to keeping investors apprised of our progress.”

The Forensic Factor did not approach any member of AutoChina’s management team with respect to the Company, its accounting treatment, or management background, before publishing its report.

About AutoChina International Limited:

AutoChina International Limited is China’s largest commercial vehicle sales, servicing, leasing, and support network. AutoChina’s operating subsidiary was founded in 2005 by nationally recognized Chairman and CEO, Yong Hui Li. The Company owns and operates 300 commercial vehicle financing centers across China; and primarily provides sales-type leasing and support services for local customers. The Company’s website is http://www.autochinaintl.com.

Safe Harbor Statement:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the Company. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of the Company's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to meaningfully differ from those set forth in the forward-looking statements:

• Continued compliance with government regulations;
• Changing legislation or regulatory environments;
• Requirements or changes affecting the businesses in which the Company is engaged;
• Industry trends, including factors affecting supply and demand;
• Labor and personnel relations;
• Credit risks affecting the Company's revenue and profitability;
• Changes in the commercial vehicle industry;
• The Company’s ability to effectively manage its growth, including implementing effective controls and procedures and attracting and retaining key management and personnel;
• Changing interpretations of generally accepted accounting principles;
• General economic conditions; and
• Other relevant risks detailed in the Company’s filings with the Securities and Exchange Commission.

The information set forth herein should be read in light of such risks. The Company does not assume any obligation to update the information contained in this press release.

Autochina International Limited (MM) (NASDAQ:AUTC)
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