UPDATE 1-SAIC Q1 net soars, Beijing policy boosts car sales


* Q1 net jumps as expected on strong auto sales, policy steps * Outlook solid on incentives, low car ownership (Adds analyst quote, outlook) By Fang Yan and Jacqueline Wong SHANGHAI, April 28 (Reuters) - SAIC Motor Corp , China's biggest automaker, posted a more than quadrupling in first-quarter net profit, as Beijing's policy support continues to draw buyers into showrooms in the world's largest car market. SAIC, which runs vehicle manufacturing ventures with General Motors [GM.UL] ...

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