GM to purchase more auto supplies in Asia

DETROIT August 16, 2005 Japan Today reported that American auto giant General Motors Corp is planning to purchase more material in Asia and trim capacity in North America as it struggles to contain the huge financial losses in its basic automotive business.

The plan includes increasing its purchases from suppliers in India from roughly $150 million currently to more than 1 billion dollars by the end of 2008, GM spokesman Tom Wickham said in an interview with AFP-Jiji.