UPDATE 1-China's Shanghai Auto Q2 defies car sector slowdown

Newswire

(Adds details, analyst and company comments) By Ben Blanchard SHANGHAI, Aug 26 (Reuters) - Shanghai Automotive posted a 10.5 percent rise in second-quarter earnings on Thursday, despite China's slowing car sales, aided by a solid showing from a venture with General Motors in which it controls a fifth. But analysts say the listed arm of China's top car maker could post a net profit gain of more than half in 2004 if sedan sales pick up as expected towards the end of the year. Shanghai ...

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