About UGC Technologies Group's CEO, Busty Okundaye:

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Career

Busty Okundaye, is a Massachusetts Institute of Technology (M.I.T)-trained General and Strategic Manager. He is the Chief Executive Officer (CEO) of UGC Technologies Group, including UGC High Tech Motors Manufacturing Company Limited. Professionally, he has over 25 years of automobile manufacturing experience in the USA, China, Mexico, Canada, etc. His professional focus is on North America, Asia, Europe, South America and Africa. He possesses a distinct awareness of global diversity with an in-depth knowledge and understanding of technological, managerial, socio-economic, political and cultural environments of these continents.

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He is a Global Technology and Management Expert on National Industrialization that competitively operates in the General and Strategic Management, Global Technology / Transfer, and Knowledge and Products Domestication and Localization areas. He began his career on the College Graduate In Development (CGID) Fast-Track Program as a young engineer, right out of the university, at General Motors Corporation (NYSE: GM), North American Operations, U.S.A. He progressively held other positions at GM, including manufacturing engineer, R & D engineer and supplier development and management administrator, etc. in the Chevrolet - Pontiac - Canada (GM CPC) Group Headquarters, while based at the Tech (R&D) Center in Warren, Michigan, Truck and Bus Group, while based at the Flint Assembly Plant, Michigan, etc. He worked on Chevrolet, Pontiac, SUVs, etc. automobiles advanced engineering, manufacturing, etc. at these Groups. ..

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Busty has very deep experience in engineering, general and strategic management regarding manufacturing operations, strategy, change and implementation management, supply chain, quality, operations management, management consulting (finance, IT, mobile telecom, electric power, oil and gas, government, etc.) and rapid-growth organization. He possesses proven ability to consistently remove barriers that impede global corporate growth and / or profitability.

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Very recently, as the Managing Director and Principal Management Partner, Busty co-led Technology Transfer to (and Knowledge and Products Domestication or Localization in) China from the USA, UK, Germany, France, Italy, Japan, South Korea, Brazil, etc., while based in the USA at the GM World Headquarters in Detroit, Michigan, later at the GM Powertrain Group Headquarters in Pontiac, Michigan, and working professionally in China as an expatriate, on the establishment, development and operations of the General Motors (GM) one billion, five hundred and twenty million dollars (US$1.52B) automobile manufacturing plant in Shanghai, China. The Buick (Regal and Century nodels) cars were fully, 100%, domesticated in China, on this project.

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The now globally renowned Shanghai General Motors (SGM, now known as: SAIC-GM: 上汽通用汽车), is a mega Sino-American joint venture (JV) company that was founded based on a joint-venture agreement signed in a ceremony attended by the then Chinese premier Li Peng and U.S. vice president Al Gore on March 25, 1997. This was a Pioneering Landmark, Second Largest, major project in China at that time. It was GM’s first major activity in China. Hundreds of thousands (100s of 1000s) of new jobs were created all through the value chain on this project alone in China. GM manufactured and sold over four million (exactly 4,040,789 units of) vehicles in China in 2017. This means that GM sold one (1) vehicle every eight (8) seconds that year (2017) in China.

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Busty got General Motors, World Headquarters, USA, global honor, Best-of-the-Bests Award, for the above-noted accomplishment on his successful co-championing of the project.

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He was also a co-leader on technology and knowledge transfer mainly from the USA to China and their localization or domestication in the latter country, regarding the establishment of the Pan Asia Technical Automobile Center (PATAC), SGM R&D arm, in Shanghai. This was an additional sixty-nine million U.S. dollars (US$69,000,000) initial investment. Similarly, he also co-led in the Shanghai Automobile Industry Corporation (SAIC) Group-General Motors (GM)-Wuling (SAIC-GM-Wuling: SGMW) Automobile Manufacturing Company initial project. The 3-entity Joint Venture upgraded an existing minivan, and transferred the Spark car and its technologies and knowledge to China, mainly from South Korea and the U.S. on this project. This was executed with approximately one hundred million U.S. dollars (US$100,000,000) initial investment. The Spark car was fully, 100%, domesticated in China, on this project.

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The three above-noted initiatives that were completely (100%) executed in China amounted to a total projects value of approximately one billion, six hundred and eighty-nine million U.S. dollars (US$1,689,000,000). Three vehicles (General Motors Buick Regal, Buick Century, and Spark) were fully (100%) localized and domesticated by the joint GM, SAIC and Wuling’s team members in the USA, China, etc. on the projects. GM and its Chinese partners (SAIC and Wuling) are now capable of manufacturing and selling well over four million (4,000,000-plus) vehicles in China.

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Additionally, Busty is and has also been a Principal Managing Consultant to American Corporate Fortune 500 Companies, including scores of US-based Global Manufacturing Companies, tens of Wall Street Investment Banks and Private Equity Institutions in New York, USA and China; Large Chinese State-owned Enterprises (SoEs); major American, Asian, European Union (EU), etc. public and private medium-sized enterprises on Foreign Direct Investments (FDI), Engineering, Manufacturing, Technology / Transfer, and Knowledge and Products Domestication and Localization, and Strategic Management.

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Education

Academically, Busty earned his:

(1). Master’s degree in Business Administration / Management (MBA / SM) from the Massachusetts Institute of Technology (M.I.T), Sloan School of Management. This degree program was co-sponsored by the International Motor Vehicle Program, USA and Germany. He was a M.I.T – International Motor Vehicle Program (IMVP) Research Fellow in the USA, Co-founded the M.I.T.-China “Trek” Program, President of M.I.T. Sloan Automobile Club and Students Union Senator.

(2). Master’s degree in Mechanical Engineering, specializing in Spacecraft Dynamics and Controls with the American National Aeronautics and Space Administration (NASA), Galileo Spacecraft. This degree program was co-sponsored by NASA, USA and Solar Energy Research Institute (SERI), USA.

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(3). Bachelor’s degree in Mechanical Engineering. He was an Advisor, American Society of Mechanical Engineers, U.S.A. and Student Peer-Group Economics and Political Science Teacher while on this degree program.

(4). Recently, he was an Adjunct Professor of Management at University of Strathclyde, Scotland, U.K., and Shanghai Jiao Tong University, Shanghai, China, Global Graduate Business Schools, on Master’s degree in Business Administration (MBA) Programs.

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Written Works

(1). Spinrate Control of the Galileo Spacecraft, U.S. National Aeronautics and Space Administration (NASA), Jet Propulsion Laboratory, California, USA.

(2). New Product Development in the North American Truck Industry: an empirical investigation and hypotheses, Cambridge, Massachusetts, USA.

(3.) A Template for Westward Expansion, China’s Trade on South-South [Global] Economic Cooperation, The German Business Forum Magazine, Shanghai, China​​

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Co-research Works

(1). Damping Characterization of Large Structures, with a grant from the American National Aeronautics and Space Administration (NASA), U.S.A. on its Galileo Spacecraft that was successfully deployed to Jupiter. Research Grant No: NAGW-1599.

(2). Structuring Manufacturer – Supplier Interactions in New Product Development Teams: An Empirical Analysis. Co-researched with Dr. Stephan Schrader, PhD, Harvard University and Jan Göpfert.

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References

1.  https://www.pressreader.com/nigeria/business-day-nigeria/20190620/281904479701897?srsltid=AfmBOorMVEvnvqD79DMO3ZAmBPSabZKyiZ4eKFLVA37ongwVFrTC3gCT. Retrieved 2025-08-11 – via PressReader. {{cite web}}: Missing or empty |title= (help).

2.  "00167-ROI Fall 03 | PDF | Massachusetts Institute Of Technology | Master Of Business Administration". Scribd. p. 37. Retrieved 2025-09-01.

3.  "Alumni US: Busty Okundaye". alumnius.net. Retrieved 2025-08-11.

4.  Staff, aftermarketNews (2004-11-29). "Chinese Business Coveted by Michigan - aftermarketNews". aftermarketNews. Archived from the original on 2025-01-23. Retrieved 2025-08-11.

5.  BADEJO ADEMUYIWA and YANGEE IKYAA (2014-09-03). "Domesticating automobile industry will create jobs, wealth - Okundaye". Businessday NG. Retrieved 2025-08-11.

6.  MOMOH, SIAKA (2009-01-13). "How tidy is Nigeria-China relations? (3)". Businessday NG. Retrieved 2025-09-01.

7.  "World Economic Forum on Africa 2006". SlideShare. p. 15. Retrieved 2025-09-01.

8.  "Bara la Afrika lataka kutegemea "njia mpya ya hariri" ili kujikwamua kiuchumi chini ya msukosuko wa fedha - china radio international". swahili.cri.cn. Retrieved 2025-08-11.

9.  Omwan, B., 1994. New product development in the North American truck industry: an empirical investigation and hypotheses (Doctoral dissertation, Massachusetts Institute of Technology, Sloan School of Management).

10.  "New product development in the North American truck industry : an empirical investigation and hypotheses | WorldCat.org". search.worldcat.org. Retrieved 2025-09-01.

11. Co-researched: "DAMPING CItARA CTERIZATION IN LARGE STRUCTURES FINAL TECItNICAL REPORT". scholar.googleusercontent.com. Retrieved 2025-08-11.

12.  Co=researched with: Schrader, Stephan, and Jan Göpfert. Structuring manufacturer-supplier interaction in new product development teams: An empirical analysis. International Motor Vehicle Program, Massachusetts Institute of Technology, 1996.