Automotive News China
Shanghai General Motors’ President, Wang Xiaoqiu (pictured left) will soon leave the company to lead the passenger vehicle unit of SAIC Motor Corp., according to the Economic Observer, a Beijing newspaper.
Wang’s appointment as President of SAIC Motor Passenger Vehicle Company Limited (SMPV) was announced at SAIC Motor’s internal meeting last week, the newspaper reported – he will take over the post from Chen Zhixing, who was promoted to SAIC Motor President last month.
Wang, 50, a long-time SAIC Motor executive, was named Shanghai GM President in August 2013. Shanghai GM is a 50-50 passenger vehicle joint venture between General Motors and SAIC Motor.
SAIC Motor is eager to find an experienced executive to strengthen its lacklustre passenger vehicle unit, the newspaper reported, citing an unnamed manager.
SAIC Motor, like other domestic Chinese automakers, has been losing market share. In the first five months of 2014, the company’s passenger vehicle unit sold 85,155 Roewe and MG cars, virtually unchanged from a year earlier.
During that same period, overall passenger vehicle sales in China rose 11 percent.
Wang joined SAIC Motor in 1989. Before becoming Shanghai GM’s President, he was President of Shanghai Diesel Engine Company Limited, a SAIC Motor subsidiary.