SAIC posts soaring sales in January

02/06/2010 (1 d 16 h ago)

SAIC Motor, the listed arm of China's auto giant Shanghai Automotive Industry Corporation (SAIC), said Saturday its car sales totaled 307,384 units in January, up 89.8 percent from a year earlier.

January's output stood at 296,685 units, up 90.2 percent year on year, said the automaker in a statement filed to the Shanghai Stock Exchange website.

Its subsidiary Iveco Hongyan Commercial Vehicle Co. posted the strongest sales gain in January, up 548.5 percent from a year ago to 2,088 units wh ...

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