SAIC Motor Reports Double-Digit Slides in April Sales, Production

MT Newswires Live

05/06

SAIC Motor's (SHA:600104) total sales declined 13% to 328,841 units in April from 376,517 units in the year-ago period, according to a Wednesday filing with the Shanghai Stock Exchange.

The carmaker's production fell 14% to 345,805 units from 403,176 units in the prior-year period.

Shares slipped 1% during late-morning trading on Wednesday.

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