Word: gm
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Dates: during 2000-2009
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...Growing Pains The British government gave the go-ahead for the commercial farming of genetically modified maize, the first biotech crop to be grown in the U.K. Anti-GM activists are threatening to rip the crops from the ground...
WORLD BEATERS A17 Chiquita's top banana; Cadbury's CFO; Janus' global maven; GM's man in Africa...
These homegrown carmakers will have to compete with multinationals like General Motors, Ford, Toyota, Volkswagen and Citroen, all of which have invested heavily in Chinese joint ventures and are muscling for market share. GM, which has made Buicks in China since 1999, will soon launch top-of-the-line Cadillacs and plans to increase total production 50% in the next two years. In a first for the country, Beijing recently announced it will allow GM to import cars made overseas without going through a Chinese partner. Ford plans to increase production sevenfold, to 150,000 cars a year. Volkswagen, maker...
...Volkswagen-like subcompact made by a small company in Anhui province now called SAIC-Chery Automobile began appearing: it was made with components provided by suppliers that were believed to have signed exclusive deals with Volkswagen's joint venture. More recently, Chery has run afoul of GM by releasing a car, called the QQ, that looks almost exactly like a GM model--the Spark--that didn't hit the Chinese market until December. PSA Peugeot Citroen, the French maker of the successful Citroen sedan in central China, faces a similar problem. A local producer called Shanghai Maple introduced a model...
ROBERT SOCIA Car Dealer After 17 years, General Motors is returning to South Africa in full force, buying out its majority partner, Delta Motor. Socia, 49, a GM veteran, arrives to manage the newly named GM South Africa. GM sees the unit, which turned out only about 40,000 cars last year and claimed an 11% market share, as a springboard for growth in Africa. Socia, who previously ran worldwide purchasing, including a cost-saving partnership with Fiat, will fold the division back into GM. The company left the operation at the end of 1986 to protest apartheid, then reappeared...