Cars, not jobs, go overseas
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 Ford Motor Co. is considering ramping up exports if it can bring labor costs down.
Read the complete story in The Wall Street Journal.