UPDATE 1-China's SAIC Motor f'casts over 40 pct rise in 2011 profit

Newswire

(Adds 2011 sales of SAIC partners, forecast of rivals) SHANGHAI/BEIJING, Jan 31 (Reuters) - Top Chinese automaker SAIC Motor Corp has forecast a rise of more than 40 percent in 2011 net income, thanks to solid demand for German and American cars made at its Shanghai ventures. SAIC, which makes cars in partnership with General Motors and Volkswagen AG, sold more than 4 million vehicles last year, up 12 percent, largely outperforming a 2.5 gain by China's overall vehicle market. It's tie-up ...

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