Ford Motor Co.’s newly inked 3-year contract with the Canadian Auto Workers union takes into account the future exchange rate between the U.S. and Canadian dollar, the auto maker’s top labor negotiator says. For years, a strong American dollar made Canada a cost-effective country for U.S. auto makers to set up assembly plants, Joe Hinrichs, Ford group vice president-global manufacturing says. But with the value of the two currencies basically on par, Canada has lost its cost advantage. ...
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