"Detroit's Loss Is China, Slovakia's Gain..."
- From: http://tinyurl.com/hee7s
"Detroit's Loss Is China, Slovakia's Gain as Auto Jobs Move East
March 3 (Bloomberg) -- General Motors Corp. pays Qiu Mingyuan $18 a
day to build engines in Shanghai. Thousands of miles away in Oklahoma
City, Adana Spain last week lost a job paying about 10 times more
when GM closed a factory there.
Qiu and Spain are the face of an eastward shift in car production
after automakers including DaimlerChrysler AG and Ford Motor Co.
announced plans to cut 192,000 jobs in North America and western
Europe over the past five years. As the companies display new models
this week at the Geneva Motor Show, they are shifting jobs to
countries such as Russia, China and Slovakia in pursuit of cheaper
labor and sales in growing markets. .........."