SAIC disclosed net profit of Q1 2007 year-on-year increased 300% (year-on-year net profit 222.9 million Yuan ), 0.068 Yuan per share earnings.
Shanghai Volkswagen sales of the first quarter of this year exceeded 100,000 vehicles. Santana 3000 sales had exceeded 13,000 vehicles, which has been listed since March 2. Shanghai GM Buick Series sold 68,000 vehicles, an increase of more than 200%. SGMW sales of compact cars totaled 60,000 vehicles in the first quarter, an increase of 20%.
SAIC sales goal this year is 1.5 million vehicles. SAIC spokesman said that in 2007 the domestic auto industry is more optimistic, the demand is about eight million vehicles, an increase of 10%.
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