Chinese carmaker SAIC revs to top spot by '02 sales

Newswire

SHANGHAI, Jan 30 (Reuters) - Chinese carmaker Shanghai Automotive Industry Corp (SAIC) said on Thursday it sold 610,000 vehicles last year, doubling from 2001 and overtaking rivals to become China's largest vehicle maker by sales. SAIC accelerated past the country's longstanding pre-eminent automaker First Automotive Works (FAW) -- which said earlier this month it sold 580,000 vehicles in 2002 -- helped by buoyant domestic demand in the world's fastest-growing auto market. Turnover rose ...

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