China’s top automaker, and VW and GM partner, SAIC Motor has said its net profit for 2010 rose more than 100% on strong car sales.
The firm said in a filing with the Shanghai stock exchange on Saturday, cited by Reuters, that it sold over 3.58m cars in 2010, up 31.5%. The actual 2010 net profit figure was not given but SAIC said it was more than double the 2009 net profit of CNY6.59bn (US$1billion).
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