Top Chinese Auto Maker SAIC Sees More Rough Roads Ahead – Wall Street Journal

Posted: Friday, April 22, 2016

SHANGHAI—SAIC Motor Corp., China’s largest auto maker by sales, Thursday reported sharply slower profit growth for last year as the country’s cooling economy has taken a toll on the industry.

The Shanghai-based company, which produces cars with Volkswagen AG and General Motors Co., highlighted risks of a further slide in profitability in its earnings statement, citing the lackluster economy and head-to-head competition in the world’s…

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