China's biggest automaker SAIC posts 23 pct rise in Q3 profit

Newswire

SHANGHAI, Oct 30 (Reuters) - SAIC Motor Corp, China's biggest automaker, slightly beat expectations with a 23 percent rise in third-quarter profit helped by robust sales at its joint ventures with General Motors Co and Volkswagen AG. Based on the company's first-half earnings, third-quarter profit came in at 6.5 billion yuan ($1.07 billion), up 23 percent from a year earlier. Three analysts polled by Reuters had forecast a profit of 5.4 billion yuan. SAIC made a ...

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