SAIC Motor profit sags as China car market slows

Newswire

By Andrew Torchia SHANGHAI, Aug 30 (Reuters) - A sharp drop in first-half profit at China's biggest car maker underlined how slowing economic growth and higher fuel prices are putting the brakes on the Chinese auto sector. SAIC Motor Corp , which runs major manufacturing tie-ups with General Motors Corp and Volkswagen AG , said on Saturday that net profit fell 28 percent from a year earlier to 1.97 billion yuan ($288 million) in the first six months of 2008. In the second quarter, ...

Premium Content (PAID Subscription Required)

"SAIC Motor profit sags as China car market slows" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×