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"Detroit's Loss Is China, Slovakia's Gain..."

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  • sandman6294
    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
    Message 1 of 1 , Mar 3 9:35 PM
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      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. .........."

      RU
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