General Motors will increase its overseas spending with India as its next major target. In mid-August the company said it will increase its spending in India from the $150 million it spends now to $1 billion by 2008. The $1 billion will still be a small percentage of GM's $85 billion global spend. The move follows a recent report by McKinsey which said automakers in the troubled U.S. market could cut their costs by as much as 25% by sourcing more overseas in Asian markets.

Aerospace industry exchange Exostar recently marked its fifth year in existence, making it one of the longest surviving online industry exchanges left. Exostar estimates that more than 50,000 professionals now use its solutions to tap into their supply network and enhance secure external interoperability and collaboration transactions. "When Exostar was founded, it provided a ground-breaking idea compared to the traditional supply chain working model," Exostar CEO Bill Angeloni said in a recent statement. "Through the company's history, the Exostar team—working closely with our customers—has continued to innovate and deliver secure on-demand solutions that are helping power the full spectrum of business processes from product development to aftermarket sales and support."

Airbus said it will increase the amount of sourcing it does in China dramatically in the next decade. According to news reports, Airbus China spokesperson Gu Wei said Airbus currently buys about $15 million worth of components from China every year and plans to expand that to $60 million worth of components in 2007 and $120 million in 2010, including substantial purchases for the new A380—the new double-decker plane capable of carrying up to 555 passengers. The company is transferring technologies for producing A320 jet wings to China that will enable components to be produced in China by 2007, according to reports.