Tag Archives: volatile

China’s Biggest Auto Maker Reports Rise in 1H Revenue & Profit

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

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