As you read this, there’s a cargo hold of 3.4L V-6 engines on a not-so-slow boat from China. Their destination: the engine cradles of General Motors Corp.’s all-new ’05 Chevrolet Equinox, built in GM’s CAMI Automotive Inc. joint-venture assembly plant in Ingersoll, Ont., Canada. When GM announced in late 2002 its intention to export to North America engines from Shanghai General Motors Automotive Co. Ltd., it raised the antennae of industry watchers. China’s accelerating global ...

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