SAIC Motor Corp. , the biggest automaker in China, signaled the coronavirus outbreak is set to hit its profitability for months to come after earnings slumped in the first quarter of the year. There will be “major changes” in net income through June, with the virus pandemic being the main risk for the Chinese automobile industry, SAIC said in a filing Wednesday, without elaborating. First-quarter net income at the partner of Volkswagen AG and General Motors Co. plunged 82% to 1.12 billion yuan ($158 million) as revenue fell 48%. Car sales in China are falling for a third year as the virus outbreak worsens a slump kicked off by a slowing economy, trade tensions and stricter emission regulations. SAIC […]