SHANGHAI, April 27 (Reuters) - Top Chinese automaker SAIC Motor Corp on Wednesday reported a surprise 56 percent rise in net income in the first quarter, defying a cooldown in the world's largest auto market after two consecutive years of breakneck expansion.
SAIC, which operates auto ventures in China with General
Motors and Volkswagen
For the first three months of the year, SAIC said sales were up 18.4 percent to 1.06 million units. (Reporting by Fang Yan and Jason Subler)