← Chinese Oem Domestic Expansion
Shanghai GM has issued the following press release:
Shanghai, China – Shanghai GM, a joint venture between General Motors and Shanghai Automotive Industry Corporation Group (SAIC), announced today it has reached an agreement with CAMI Automotive Inc., of Ingersol, Ontario, Canada to export engines beginning in late 2003. Shanghai GM will supply 3.4-liter V-6 engines to the GM-Suzuki manufacturing joint venture. — GM's asset transfer with Daewoo Motor Co..
The engines, developed by GM Powertrain, will power the new Chevrolet Equinox compact SUV to be marketed by GM beginning in 2004. The program represents the first time that an automaker in China will export high-displacement engines in large volumes to a developed country. The engine that will be exported is a variant of GM Powertrain’s overhead valve V6 family and offers customers excellent quality, reliability, durability and performance. — Shanghai-GM's Buick LaCrosse.
’GM has long been committed to integrating our China operations into our global network to contribute to the development of an advanced automotive industry in China that benefits consumers, GM and our local partners,’ said Philip Murtaugh, chairman and CEO of the GM China Group. ’In addition,’ said Murtaugh, ’this is a further example of how GM’s global alliance and partnership strategy is giving us the flexibility to leverage existing capacity at facilities like Shanghai GM for the benefit of car buyers in other parts of the world.’ — SAIC's new Roewe brand launch.
’An overriding goal of Shanghai GM since its establishment has been to become a globally competitive automaker. The export of engines to North America represents a milestone for China’s most advanced automaking facility and demonstrates Shanghai (MORE) GM’s world-class manufacturing capability,’ said Chen Hong, president of Shanghai GM. ’Only by becoming a part of the worldwide automotive industry and leveraging our parent companies’ strengths can Shanghai GM and China’s automotive industry thrive in the face of growing competition.’ — Changhe-Suzuki's new Landy introduction.
