U.S. auto parts makers see more jobs moving abroad

Newswire

By Susan Kelly CHICAGO, Feb 17 (Reuters) - U.S. auto parts manufacturers, under pressure from automakers to match the lowest prices of global rivals, expect to reduce domestic production in the next several years as they open more factories abroad. Suppliers are following their customers to emerging markets not just because of cheaper labor, but also because of rapidly growing consumer demand for automobiles in these markets. U.S. parts makers see no letup in the shift of manufacturing ...

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