SAIC expects 2011 earnings growth over 10 pct -exec

Newswire

CHENGDU, Oct 11 (Reuters) - Top Chinese automaker SAIC Motor Corp expects its full-year profit growth to exceed 10 percent, a senior executive said on Tuesday. Speaking to reporters on the sidelines of an industry forum in Chengdu, SAIC vice president Chen Zhixin also said the company would likely hit its 2011 sales target of 4 million vehicles. SAIC reported a 46.1 percent gain in its first-half earnings despite a market slowdown, thanks to brisk sales of Buick and Passat models made at ...

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