UPDATE 1-China's biggest automaker SAIC posts 23 pct rise in Q3 profit

Newswire

* SAIC Q3 net profit up 23 pct yr-yr to 6.5 bln yuan, above forecasts * Sales for first 9 months up 15 pct; GM, VW joint ventures drive growth * SAIC's 9-month net profit up to 18 bln vs 16.1 bln yuan year-ago * Company spending heavily on marketing own brands (Adds details on sales, marketing and industry context) By Samuel Shen and Kazunori Takada SHANGHAI, Oct 30 (Reuters) - China's biggest automaker SAIC Motor ...

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