GM to buy more high-value car parts in China http://www.reuters.com/article/companyNewsAndPR/idUSPEK36652920071130?sp=true
Fri Nov 30, 2007
BEIJING (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) expects to buy more, increasingly sophisticated car components in China, the firm's fastest-growing procurement market, as the country's auto parts industry clambers up the quality ladder.
GM, one of the world's top two auto makers, will increase its procurement spending in China by 25 percent a year in the period 2005-2010, a senior executive said on Friday. http://www.reuters.com/article/companyNewsAndPR/idUSPEK36652920071130?sp=true