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GM picks China for
electronics
Purchasing unit moves from
U.S. to Shanghai
Robert Sherefkin
Jamie LaReau
Automotive News / March 27, 2006 -
6:00 am
--General Motors has shifted its worldwide electronics purchasing unit from Warren, Mich., to
Shanghai to place it at the hub of China's electronics industry.
According to sources familiar with GM's plans, the move is intended to keep GM
abreast of trends in automotive electronics and buy more electronic components in China.
"Just about all electronic subcomponents now originate in China or Korea or
Singapore," says a source close to GM who asked to not be named. "You are more aware and you buy better when you
are where the action is."
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GM picks China as global center for electronics purchasing
Move
will keep US automaker in step with trends
Robert Sherefkin
Jamie LaReau
Automotive News / March 6, 2006 - 6:00 am
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DETROIT – General Motors has shifted
its worldwide electronics purchasing unit to Shanghai from the US to place it at the hub of
China’s electronics industry.
According to sources familiar with GM’s plans, the move is intended
to keep GM abreast of trends in automotive electronics and to buy more electronic components in
China.
“Just about all electronic subcomponents now originate in China or
Korea or Singapore,” says a source close to GM who asked to not be named. “You are more aware and
you buy better when you are where the action is.”
China is new hub
China is widely viewed as the world’s
new hub for consumer electronics. It also is GM’s largest growth market.
A Shanghai headquarters also will help GM to export more components
to plants in Europe and North America. By 2009, the company expects to buy $4 billion worth of
Chinese parts annually for GM assembly plants outside China, up from $200 million in
2003.
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