LIUZHOU, Guangxi – Shanghai Automotive Industry (Group) Corp. (SAIC) appointed Wu Pengnian, 59, as the new vice general manager of SAIC-GM-Wuling (SGMW) in charge of its sales company in July, according to a report in 21st Century Business Herald.
SGMW’s former vice general manager, Guo Lvmin, has been transferred back to SAIC.
Before joining SGMW, Wu was Party secretary of Shanghai GKN Drive Shaft Co., Ltd. (SDS), one of the automotive parts manufacturing companies of SAIC, and deputy Party secretary of Shanghai-Volkswagen.
In 2007, SGMW sold over 540,000 vehicles. In the first half of 2008, its sales reached 351,831 vehicles, taking up 57 percent of its annual target. Some insiders believe SGMW would be able to fulfill its annual sales target of 600,000 units this year. SGMW is now the greatest edge for both SAIC and GM in their market performance.
The new appointment shows that SAIC intends to have more control on SGMW’s sales operation.