China Carmakers' Global Talent Hunt

Former GM exec Philip Murtaugh has been hired by Shanghai-based SAIC Motorjust part of a countrywide trend to hire international talent

It's a startling trophy hire, and further evidence for auto executives at Toyota (TM), Ford Motor (F), Hyundai (HYUD), and elsewhere that their scrappy Chinese competitors are deadly serious about moving up in the global auto industry. On June 18, SAIC Motor announced it had hired former GM executive Philip Murtaugh to run its overseas operations from its Shanghai headquarters.

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