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U.S.-based auto suppliers benefitting from weak dollar
For years, automakers have attempted to shift production of components and cars from the U.S. to so-called low cost countries, typically in Asia. China and India have been particular beneficiaries of these efforts. Things, however, now seem to be changing. During a dinner at the LA Auto Show last November, GM Vice Chairman Bob Lutz declared that with the U.S. dollar so low against the Euro and other currencies, the U.S. was now officially a low cost country. Over the past two decades, Japanese carmakers that have built assembly plants elsewhere ... Read more →
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U.S.-based auto suppliers benefitting from weak dollar 1 year ago on Autoblog
For years, automakers have attempted to shift production of components and cars from the U.S. to so-called low cost countries, typically in Asia. China and India have been particular beneficiaries of these efforts. Things, however, now seem to be changing. During a dinner at the LA Auto Show last ...
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