Shanghai General Motors
Shanghai General Motors Co — the joint venture between GM and SAIC — announced on Aug 13 that Wang Xiaoqiu will take the reins as general manager. Wang, 49, was formerly general manager of Shanghai Diesel Engine Co, a subsidiary of SAIC Group. Former general manager of Shanghai GM Ye Yongming will reportedly leave the auto industry for a post as the chairman of the State-owned Bailian Group Co in Shanghai. According to the Forbes ranking in 2012, Bailian topped the latest survey of China’s 100 top chain stores published annually by the China Chain Store and Franchise Association. Ye has been general manager of Shanghai GM for two and half years.