--File--A visitor walks past the stand of SAIC during an auto show in Shanghai, China, 25 April 2011. SAIC Motor Corp., Chinas largest domestic automaker, said third-quarter profit rose 27 percent as it sold more cars with partners General Motors Co. and Volkswagen AG in the worlds biggest automobile market. Net income for the quarter climbed to 4.7 billion yuan ($740 million) from 3.7 billion yuan a year earlier, the Shanghai-based company said in a statement to the citys stock exchange Thursday (27 October 2011). Sales rose 19 percent to 97.4 billion yuan. SAIC, which produces the Buick Excelle compacts and VW Passat sedans for sale in China, increased car deliveries even after the government removed buying incentives that helped the nation surpass the U.S. as the worlds largest car market. The automaker aims to sell 6 million cars a year by 2015, compared with its 4 million target this year, President Chen Hong said in April.
