China automaker SAIC says H1 car sales jump 57 pct

Newswire

SHANGHAI, July 1 (Reuters) - Shanghai Automotive Industry Corp (SAIC), one of China's three largest automakers, said on Tuesday car sales rose 56.5 percent year on year in the first half of 2003 to 260,000. That put the company, an equal partner in joint ventures with General Motors Corp and Volkswagen AG , well on course to meet an annual production target of 500,000 cars. "We sold 350,000 vehicles in the January to June period," SAIC's spokesman Xue Hao told Reuters, declining to offer ...

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