ZTE and Motorola Cooperation Mooted
Chinese telecoms equipment maker ZTE is considering working with Motorola, according to comments by Xiong Hui, ZTE's Vice President of Marketing for Handsets, at the Mobile World Congress in Barcelona. Motorola is currently looking for a partner as it splits off its mobile phone operations. Reports suggest that Samsung, LG and Nokia had all denied interest. Xiong Hui told Reuters, however, that "We have been keeping in touch with Motorola on a wider cooperation." Shortly afterwards, ZTE released a statement saying that it is "often in talks with other leading telecommunications manufacturers around
potential opportunities for collaboration."
Daewoo to Use Shanghai GM Engines
Daewoo has signed an agreement with Shanghai GM to buy 100,000 engines for the manufacture of Daewoo cars in South Korea. It is the first time that engines made in China will be imported to the South Korean market. GM Daewoo CEO Michael Grimaldi said that the four cylinder L850 engines from Shanghai GM will be built into three models to be launched in 2009. The new models will have six-speed automatic transmission, and are also slated to be exported overseas.
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