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Plans - China - Shanghai Automotive Industry Corporation's big ideas
Detroit,Mich,USA -The Detroit News/Autos Insider, by Michael J. Dunne -Oct 4, 2005: -- If you are curious about where the Shanghai Automotive Industry Corporation (SAIC) wants to go, look no further than the inside cover of the company's annual report... In Chinese and English script, the company lists three goals for 2007:
1. Achieve output of 1 million vehicles annually.
2. Become a global Fortune 500 company.
3. Produce 50,000 "self-brand" vehicles.
SAIC has been profit-making machine ever since its creation in 1985... Owned by the city of Shanghai, the company runs separate joint ventures with Volkswagen (Shanghai VW) and General Motors (Shanghai GM)... The 50-50 JVs build products that range from the miniature-sized VW Gol to the luxurious Cadillac CTS... To reach 1 million unit production and a Fortune 500 ranking, look for SAIC to maintain cooperation with its partners while accelerating development of its own products... The City of Shanghai, custodians of SAIC, prides itself on always meeting declared targets...
posted by Unknown @ 5:30 PM
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