Motion Digest Network

Thanks to purchase tax reduction on small-engine vehicles, which account for more than two-thirds of new-car sales in the country. However tax break ends Dec 2016 creates uncertainties SHANGHAI— SAIC Motor Corp., China’s biggest auto maker by sales, reported Wednesday that first-half net profit rose 6% from a year earlier, driven by a tax break that encourages small-car purchases. The Shanghai-based company, which produces cars