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


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 ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.

Nov 21, 2016

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More


Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×