Lu's U-Joints…and More

Flannery, Russell
April 2008
Forbes Asia;4/7/2008, Vol. 4 Issue 6, p70
The article traces the success of Chinese conglomerate Lu Guanqiu in the automobile parts industry in China. Lu owns and manages Wanxiang Group, the biggest auto parts maker in China. He is said to embody the cleverness and chutzpah that old-line Chinese entrepreneurs needed to survive. His low-price, wide-ranging catalog, meantime, has attracted large Chinese automakers such as Chery Automobile and Shanghai Volkswagen. Lu is considered as one of China's richest citizens.


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