GM named automotive innovation leader
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Thu May 19, 2011 1:57 pm

INTERNATIONAL. The Patent Board has ranked General Motors as the No. 1 innovator of 182 companies in its quarterly automotive and transportation industry scorecard.

The organization analyzes intellectual property performance across 17 industries and determines the leader in each sector based on measurements that include the number of patents, impact on the industry, and technology and science strength. GM also ranked first in the automotive/transportation sector in the previous scorecard, published in January.

“We focus on inventions that make our vehicles more sustainable,” said Alan Taub, GM’s vice president of R&D. “Our engineers are developing advanced technologies that increase fuel efficiency and ensure safety while maintaining the excitement of personal mobility.”

GM operates global engineering centers and R&D labs around the world and   collaborates with academia, suppliers and startups to identify and develop new technologies. During the past 10 years, it increased its patent filings six-fold.

The Patent Board announcement follows recent news that GM received more clean-energy patents last year than any other organization, according to the Clean Energy Patent Growth Index of U.S. patents. GM also received 940 U.S. patents in 2010, which placed it in the top 25 of all companies.

General Motors Company (NYSE: GM, TSX: GMM), one of the world’s largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in more than 120 countries.

GM and its strategic partners produce cars and trucks in 31 countries, and sell and service these vehicles through the following brands:  Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling. 

More information on the new General Motors can be found at www.gm.com.

In the Middle East since the 1920s, General Motor’s vehicle brands sold in the region are Cadillac, Chevrolet, and GMC supported by a unique set of customer-focused services.

GM parts and accessories are sold under the GM Parts and ACDelco brands. The regional office in Dubai covers the company’s operations in Bahrain, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, UAE and Yemen.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. Qatar and UAE share equal first place globally, with Saudi Arabia in third position; Overall tax cost and compliance burden lower for businesses around the world.
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UAE. Low interest rates, evolving investment strategies and a growing appetite for alternative asset classes causing shift in SWF investment strategies; Regional SWFs are viewing the West with caution and have redirected a portion of their funds back into the Middle East.
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UAE. The gap between low market expectations and actual investment potential in the resources sector has reached very attractive levels; Resource equity returns are now increasingly driven by improved capital allocation and restructuring within companies, making stock selection ever more key.
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