SOUTHFIELD, MI – Suppliers looking to do business in China may want to rethink plans, as high oil prices, rising labor costs and the strengthening renminbi are impacting profits, a new study by AlixPartners LLP shows. Depending on the component, it can be cheaper to source from Mexico than China, says Managing Director John Hoffecker, who oversaw the annual AlixPartners Global Automotive Review. Tires, for example, saw export credits reduced 8% in China, Hoffecker tells Ward’s at a ...
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