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SAIC showcases new-energy vehicles

Business | Automobile
2009-11-4

SAIC Motor Corp yesterday showcased six of its new-energy vehicles that will serve the 2010 Shanghai World Expo at the China International Industry Fair 2009. The six energy-efficient models included a four-seat,...

SAIC net gains from tax breaks, subsidies

Business | Automobile
2009-10-31

CHINA'S SAIC Motor Corp, the No. 1 auto maker in the world's largest auto market, yesterday said third-quarter net profit jumped ninefold as tax breaks and subsidies spurred a jump in vehicle sales. SAIC, which...

SAIC in talks with GM over India deals

Business | Automobile
2009-10-17

SAIC Motor Corp, China's biggest auto maker, is in talks with its partner General Motors to explore new business opportunities that include India, a source with knowledge of the matter said yesterday. India's...

SAIC's Ssangyong holding may be cut

Business | Automobile
2009-9-16

SAIC, the nation's biggest car maker, may have less control in Ssangyong Motor Corp after the bankrupt South Korean company proposed to cut its stake by 80 percent. In a turn-around plan proposed under court receivership...

SAIC Gears Up To Make Clean-Energy Vehicles

Metro | World Expo
2009-9-15

SAIC Motor Corp will begin to produce more than 1,000 vehicles powered by clean energy from next month to serve visitors at the 2010 Shanghai World Expo. The vehicles will provide a "zero emissions" Expo and buses...

New-energy sector warning

Business | Automobile
2009-9-9

WHILE China is actively promoting new-energy vehicles, car makers should take action to avoid redundant construction and oversupply, a government official has warned. "The research and development of alternative...

SAIC net profit reverses

Business | Automobile
2009-8-28

FIRST-HALF profit for SAIC Motor Corp Ltd reversed 26.4 percent from a year earlier as the nation's biggest car maker suffered a big drop in returns on its investment in South Korea's Ssangyong Motor Corp. But...

SAIC to develop 'green' cars

Business | Automobile
2009-7-4

SAIC MOTOR Corp yesterday said it plans to invest 12 billion yuan (US$1.76 billion) in the next three to five years to develop new-energy sedans and auto parts. The nation's largest car maker signed an agreement...

SAIC to unveil new hybrid vehicles

Business | Automobile
2009-5-6

SAIC Motor Corp said it would launch a series of hybrid and electric vehicles by 2012 as Chinese car makers shift to a higher gear to commercialize new energy vehicles to meet growing market demand. The nation's...

Net profit down 86% at SAIC car maker

Business | Automobile
2009-4-29

SAIC Motor Group Corp reported an 86 percent decline in net profit for last year as a result of slowing vehicle sales and its South Korean unit Ssangyong Motor Corp entering receivership. Net income dropped to...