Detroit’s Big Three and China agree to a trade deal that will ship $2.2 billion in parts and vehicles from North American to the booming Asian nation over the next two years, marking one of the biggest trade accords between the parties. “It’s just the tip of the iceberg,” says George Magliano, director of automotive research and forecasting-Americas, at Global Insight Inc. “It reflects, No.1 that you have to be global; and No.2, if you’re in Detroit, you have to look for every opportunity ...

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