China's SAIC sold 4 mln vehicles in 2011 -report

Newswire

SHANGHAI, Dec 30 (Reuters) - Top Chinese automaker SAIC Motor Corp sold 4.01 million vehicles this year, up 11.9 percent from a year ago, the official Xinhua news agency reported on Friday, quoting SAIC. SAIC said this month its November vehicle sales rose 13.3 percent from a year earlier to 359,384 units. Sales growth for the industry slowed this year after a blistering 32 percent rise in 2010 as China scrapped a small-car tax incentive and imposed car purchase restrictions on residents ...

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