Rising shipping costs may see GM source closer

Newswire

DETROIT, June 26 (Reuters) - General Motors Corp may look to source some materials or parts closer to the United States because of rising shipping costs, a senior executive said on Thursday. Bo Andersson, group vice president in charge of GM's global purchasing, said the automaker may look at it on a "case-by-case" basis. He said half of the cost of shipping materials or parts is based on the price of fuel. "Example, typically it costs us $2 to ship a radio from Asia to U.S. It's not a ...

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