Cars, not jobs, go overseas
-- Plant Engineering, 4/8/2008 11:59:00 AM
Detroit's Big Three plants are headed overseas--with cars, and not jobs, this time. The auto makers are planning sizeable exports of U.S.-made vehicles to markets around the world.
General Motors Corp., for example, is looking to export vehicles made in the U.S.A. to Europe, China, and Latin America markets, company executives confirmed. Chrylser LLC, spurred primarily by exchange rates, has already started shifting production from Europe to the United States to take advantage of lower costs and available plant capacity. Ford Motor Co. is considering ramping up exports if it can bring labor costs down.
Read the complete story in The Wall Street Journal.
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