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Auto: The latest of corporations
Updated: 2006-04-03 15:07
Shanghai Automotive Industry Corp, the domestic partner of General Motors,
has appointed Philip Murtaugh, former chairman and chief executive officer of GM
in China, as its vice president. The 51-year-old GM veteran, who quit his job in
March last year for personal reasons, starts today at SAIC, the second largest
domestic automaker, according to New Auto magazine, citing high ranking
officials. (Shanghai Daily)
Volkswagen aims to speed up plans to buy US$1 billion in parts annually from
low-cost suppliers in China, Europe's biggest carmaker said Friday, exerting
pressure on VW’s German components plants to cut costs. "The goal is to sign by
the end of 2006 contracts worth US$1 billion of exports to the group," a VW
spokeswoman said. (Shenzhen Daily)
(For more biz stories, please visit Industry Updates) |
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