Word: wanxiang
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...plans to build its 300-model sedan in Beijing for domestic sale and possible export (although not to North America, where autoworkers would probably object). GM and Volkswagen export small quantities too, such as Chevy Venture minivans to the Philippines and Polo compact cars to Australia. A Chinese supplier, Wanxiang Group, is reportedly even negotiating to buy some assets of the bankrupt U.S. partsmaker Delphi...
...worked. Lu, 32, is CEO of Dad's firm, Wanxiang Group. He is expected one day to take his father's position atop the board in what would be the first dynastic succession in a major Chinese firm. Wanxiang supplies the makers of most passenger cars in China and operates factories in the U.S. that sell to the Big Three automakers. Lu, who unlike many local businessmen won't speculate in things like real estate, is playing it safe: "I get enough excitement running the company. I don't need to joyride anymore." --By Matthew Forney/Beijing