General Motors & China‟S Automotive Market

GENERAL MOTORS & CHINA‟S AUTOMOTIVE MARKET A public lecture by Michael J. Dunne, author American Wheels, Chinese Roads November 30, 5:00 – 6:00 pm Blau Auditorium, Ross School of Business University of Michigan Reception and Book Signing 6:00 – 6:45 American Wheels, Chinese Roads, The Story of General Motors in China (Wiley 2011) gives a vivid account of how GM secured the strategic partnership with Shanghai Automotive Industry Corp that propelled their joint venture to top position in the world‟s largest, fastest-growing, and highly-competitive auto market. While huge losses in the U.S. market during the global financial crisis forced the company into bankruptcy, requiring a bailout by the U.S. government, its operations in China saw record increases in sales and profits. In this talk, author Mike Dunne will summarize the book‟s narrative, highlighting how GM‟s executive team navigated the challenges posed by China‟s complex and unique business environment. He will also discuss and take questions on the current state of the auto industry in China and other Asian countries. A Detroit-area native, Mike obtained his BA, MBA and MA in Asian Studies at the University of Michigan, where he became fluent and literate in the Chinese and Thai languages. His entrepreneurial venture, Automotive Resources Asia, established in Bangkok in 1992, and subsequently expanded to China, was one of the earliest consultancies on the Asian automotive industry. After selling it to J.D. Powers & Associates in 2006, Mike served as the market research company‟s Vice-President for Asia-Pacific till 2009. Now President of investment advisory firm Dunne & Co., based in Hong Kong, he is widely quoted in the business media and travels throughout Asia from his home base in Jakarta, Indonesia, a newly-booming auto market, and his latest language acquisition. Sponsors:Center for Chinese Studies, Center for Southeast Asian Studies, and Center for International Business Education and Research. You can meet Michael and purchase a signed copy of his book before the event, from 4:30 pm, and afterward, during the reception, from 6:00-6:45 pm, outside Blau. Comments on and reviews of American Wheels, Chinese Roads “Mr. Dunne deftly sketches the cast of characters…..as consumers, “Michael Dunne…..has one of the most unusual profiles in the corporations and cultures clash against an epic industrial automotive world. He also has a knack for being in the right place backdrop.” at the right time.” Edward Niedermeyer, The Wall Street Journal Peter Hessler, staff writer, The New Yorker magazine “This is an excellent read that should generate knowing nods and “Curious and enterprising, Dunne is a natural journalist and a deft guffaws from old China hands, and prove an inspirational guide to writer. His years in Asia have left him an instinctive understanding newcomers.” of local folkways, especially China‟s.” William Wadsworth, South China Morning Post Alex Taylor III, Fortune magazine “This book reveals Michael‟s remarkable sense for how China “Dunne tells the story through an engaging narrative full of works and how business there really gets done.” behind-the-scenes anecdotes and surprising insights that draw on Jing Ulrich, Managing Director & Chairman of years of interviews and research.” Global Markets, China, J.P. Morgan Bangkok Post "The book.....delivers a much-needed corrective to the common “If you have any intention of doing business in China, then this is a stereotype that the U.S. and China‟s respective national interests book that you must read.” are necessarily opposed in an imagined zero-sum struggle to both Keith Crain, Editor-in-Chief, Automotive News „be No. 1‟." Linda Lim, Business Times (Singapore) .

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