Senior executives flowing to private car

　　According to Nanfang Daily, intense competition in talent strategy is becoming a reflection of dramatic changes in China automotive industry. A survey completed by the gasgoo network last week shows it may form a trend that auto industry executives are flowing from the domestic state-owned enterprises to private car enterprises.

　　Former State-owned enterprises executives flowing to private enterprises

　　Geely has recently finalized the acquisition of Volvo. In this event, it is exactly a bunch of overseas returnees and former state-owned enterprises executives that help Li shufu achieved long-cherished wish. Since this year, there have been reports constantly that auto industry executives are flowing from the domestic state-owned enterprises to private car enterprises. Liu Zhigang, former president of Brilliance Jinbei Automobile Co., Ltd. and general manager of Brilliance auto sales company went to Huatai Auto a few months ago. A overseas returnee Qi Guojun who has respectively held the post of president of Automotive Research Institute in Chery, Geely and Chang'an Automobile since returned to China in 2005, has now accepted position of vice president and president of Automotive Research Institute of Gio Auto Group. Earlier this year, the former President of Mitsubishi Motors Technical Centre, Ssangyong Li Jinghao and former general manager of Changhe Automobile Sales Company Huang XiaoDong all went to Gio Auto Group.

　　A survey of 1845 Automotive industry insiders shows that 40% believes it is likely to evolve into a trend that the former senior executives of state-owned or foreign enterprises are pay increasing attention to the private car enterprises that are growing rapidly. a responsible person of a renowned consultancy interviewed in the survey said to the companies listed or are preparing for listing, especially private enterprises with great ambition to expand like Geely, BYD, talent strategy is a significant move to make bigger and stronger cars enterprises. Besides, these enterprises are pursuing high-end talents at all costs.

　　Private car enterprises lead the new round of growth

　　Zhang Zhiyong, a senior automotive commentator believes the trend is caused by the development of China local enterprises. The low-level price wars are gradually turned to competitions in higher-level quality and technology, which drives the demand to grow continually. “It is the normal talents flow based on the improving the mechanism of market competition.”

　　In 2002, a round of explosive growth occurred to China auto market that domestic auto groups such as Chery made rapid progress. From the beginning of 2009, during the new round of car “blowout” during the “after the financial crisis” period private enterprises, including BYD, Geely and Great Wall gained more rapid development. During the past two years, private car enterprises are all seeking expansion by building overseas plants since exporting has begun already. Therefore, a large number of high-quality talent, especially people with experience of overseas markets are in great demand. Meanwhile, after the 2008 global financial crisis, since enterprises in mainstream car markets like Europe and the United States have had an increasingly hard time, the private car enterprises are require more international talents as they have taken the opportunity to achieve overseas mergers and acquisitions.

　　The survey shows that the development of space and executive remuneration are the main factors for the job hopping of these senior executives. Among them, the development platform, space of promotion and powers of office account for16%, 14% and 16% respectively, accounted for. In addition, the remuneration package and profit-sharing wins 16% and 15% votes. The bloated management system of state-owned enterprises makes it easy for talents to flow away.

　　(Translator: Yalong/Jessie)

　　See original Chinese report Please click: http://auto.sohu.com/20100806/n274025855.shtml