SAIC Motor car production, sales up in July

BEIJING - Major Chinese automaker SAIC Motor Corporation Limited on Thursday reported growth in production and sales in July.

The Shanghai-based company manufactured 474,581 cars last month, up 23 percent year-on-year. Its sales in July climbed 4 percent year-on-year to 457,558 units.

In the January-July period, SAIC Motor manufactured 2.47 million cars, down 23.92 percent year-on-year. Its sales during the same period went down 25.77 percent year-on-year to 2.51 million units.

Shares of the automaker gained 0.44 percent to close at 18.27 yuan ($2.63) apiece Thursday.