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GM wants more global alliances
GM wants more global alliances
Posted Tuesday, Aug 18, 2009, 1:55 pm in Employee News
General Motors Co. will pursue more global alliances with other companies, according to a memo sent to employees, the Associated Press reported.
The company has set up a corporate planning and alliances group headed by Group Vice President John Smith, the news service said. “Alliances are an important market access strategy for General Motors already, and more activity of this type can be anticipated, which makes for a good fit,” said the memo, posted by the automotive Web site jalopnik.com.
A GM spokeswoman on Monday confirmed that the memo is authentic, the story said. GM already has alliances worldwide including those with Chrysler Group LLC and BMW AG to build hybrid gas-electric engines for larger vehicles. Alliances generally spread out research and development costs, making new technology cheaper, the AP said.
Seven executives and some of their staffs will report to Smith. According to the memo, the new group will help the company’s executive committee in problem solving, as well as business planning and long-term strategy development, the story said. (Associated Press/ Manufacturing.Net)
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