UPDATE 2-China's SAIC Motor f'casts over 40 pct rise in 2011 profit

Newswire

* SAIC earnings boosted by solid sales, asset acquisition * Shares fall 2.5 pct on worries over 2012 performance (Adds closing share price, analyst quote) By Kazunori Takada SHANGHAI/BEIJING, Jan 31 (Reuters) - Top Chinese automaker SAIC Motor Corp Ltd has forecast a rise of more than 40 percent in 2011 net income on solid demand for German and American marques made at its Shanghai ventures. However, the news provided investors with little comfort and SAIC's shares ended down 2.5 percent on ...

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