TROY, MI – Honda Motor Co. Ltd.’s decision to increase wages 24% at a parts plant in China drives home the fact the country is losing its advantage as a place where cars can be manufactured cheaply, says Yilong Chen, general director-Asia Pacific Affairs, for the U.S. Automotive Industry Action Group. “China used to be the low-cost labor (center); it’s not anymore,” Chen says at a GlobalAutoIndustry.com China seminar here. Workers at the Japanese auto maker’s engine and transmission ...
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