GAC Group’s shares [SHA: 601238] rose 2.6% as of 11.10 a.m. today, after the Chinese carmaker said its net loss widened 42% to CNY2.5 billion (USD375 million) in the third quarter from a year earlier due to intense domestic market competition, increased investment for its new models under subsidiary Aistaland, despite revenue rising 18% to CNY28.4 billion (USD4.3 billion). In the first three quarters, net loss expanded 62% to CNY7 billion, and revenue increased 12% to CNY74.5 billion from a year ago.