China SAIC targets sales of 500,000 commercial vehicles/yr -paper


SHANGHAI, June 30 (Reuters) - China's SAIC Motor Corp plans to boost annual commercial vehicle sales to about half a million units in five years, compared with just 150,000 in 2010, the China Securities Journal reported on Thursday, citing vice president Xiao Guopu. The goal to sell 400,000-500,000 commercial vehicles in 2015 could help SAIC, which is already China's biggest maker of passenger cars, become one of the top three makers in the commercial vehicle space, the newspaper said. ...

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