dock98 Posted October 31, 2007 Share Posted October 31, 2007 BEIJING, Oct. 29 — General Motors announced Monday that it would build an advanced research center in Shanghai to develop hybrid technology and other designs.Jason Lee/ReutersRick Wagoner, General Motors’ chairman, trying out one of his company’s cars after a news conference in Beijing yesterday.It was the latest research investment in China by a foreign automaker despite chronic problems with purloined car designs.G.M. already has a 1,300-employee research center in Shanghai with its main Chinese joint venture partner, the Shanghai Automotive Industry Corporation. The separate, wholly owned research center announced Monday, for the most advanced vehicle engineering and development, could help G.M. keep greater control over new technologies than through the joint venture.Kevin Wale, president of General Motors’ China operations, said that the company remained “very comfortable” with its partnership with Shanghai Automotive and that the partner’s recent introduction of its own sedans had shown “no significant impact” on G.M. sales.full article Link to comment Share on other sites More sharing options...
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