China's top automaker SAIC says H2 market outlook "grim"

China's largest automaker SAIC Motor Corp Ltd warned on Thursday of a grim outlook for the overall vehicle market in the second half of the year, as the slowest economic growth in 25 years and a downturn in the stock market puts off buyers. Vehicle sales in China, the world's largest car market, rose a meagre 0.4 percent in the first seven months and are predicted to grow 3 percent this year, less than half the 2014 growth rate, the China Association of Automobile Manufacturers said. The forecas