General Motors To Up Local Sourcing in Southeast Asia
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Just the Facts:
•GM plans to increase purchases of components and services from Southeast Asian-based suppliers.
•GM executive says the automaker needs to build vehicles in the markets where they are sold.BANGKOK, Thailand — General Motors plans to increase purchases of components and services from Southeast Asian-based suppliers to up to USD 1.6 billion per year within three years, Martin Apfel, president of GM Thailand and GM South-east Asia Operations (GMSEA), told reporters at a press conference in Bangkok yesterday.
Apfel said GM needs to build vehicles in the markets where they are sold. "For that to become a reality, we need more component localization," he said. The vast majority of the spending increase will be in Thailand, where the company currently spends around $20
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