Eaton Corp.'s car-part division in Brazil will buy axle and gear components from China to avoid the overvalued domestic currency. The real is hovering around 2.10 to the U.S. dollar, compared with 3.60 four years ago. "Aside from buying on the domestic market, we are also importing to recover our competitive edge," says Carlos Briganti, head of the Eaton transmission group in Brazil. Ford Motor Co., General Motors Corp. and Fiat Auto SpA also report they are importing components from ...
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