AUTOSHOW-Carmakers cling to Europe despite cost pressure

Newswire

By Rebecca Harrison PARIS, Sept 24 (Paris) - Carmakers will continue to build models in western Europe despite intense cost pressures but the industry there will have to become meaner and leaner to compete with cheaper countries, company officials said. Companies are already trying to cut costs at western European plants through wage restraints and closing some capacity to reap the most advantage from being close to customers and avoiding hits from currency fluctuations. At the Paris ...

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