group vice president
global purchasing and supply chain
General Motors
GM will increase its procurement spending in China by 25 percent a year in the period 2005-2010
The local industry was increasingly producing higher value-added parts that GM now procures elsewhere.
We receive roughly 20 million parts from 190 Chinese suppliers every month with no issues, I'm very thankful and very proud of Chinese suppliers' performance.
We want to buy at the best cost, and our suppliers want to sell at the best price.
You will see a shift into air conditioning and also chassis parts, steering parts and brake parts.
90 percent of the materials and parts in a locally manufactured GM car are sourced in China -- 60 percent of them from multinational firms and 40 percent from Chinese rivals.
All rights reserved. Please notify the source for any use.
