China: SAIC to report 40% net income rise for 2011

According to a statement to the Shanghai Stock Exchange, SAIC Motor is forecasting a net profit rise of 40% for 2011, reflecting strong vehicle sales last year and the acquisition of some assets from its parent, Shanghai Automotive Industry. Details of 2011 earnings are expected to be released on 5 April Subscribe to Automotive World … Continued

• By Webmaster
• January 31, 2012