SAIC Motor Corp. says in a Shanghai stock-exchange filing it has booked a write-off of RMB1.2 billion ($176 million) in the first six months of 2009 relating to its ownership position in South Korea’s Ssangyong Motor Co. Ltd. The write-down sharply eroded first-half profits, which were reported at RMB1.45 billion ($212 million), a drop of RMB1.97 billion ($288 million) from like-2008. Revenue rose 6.7% to RMB61.3 billion ($9 billion). First-half vehicle sales rose 23.7% to 1.23 million ...
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