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Automotive Industry Economic Theory

Automotive Industry/ Economic Theory

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Title: Automotive Industry/ Economic Theory

Essay Details:

Subject: Miscellaneous

Author: Michael W

Date: October 25, 2013

Level: University

Grade: A

Length: 7 / 2020

Essay text:

This movement is in effort to reduce manufacturing costs of domestic vehicles in order to stay competitive with foreign manufactures. By reducing manufacturing costs, domestic manufactures are seeking ways to reduce the cost of their vehicles in order to improve sales. (National Environmental Trust [NET], n.d., pg. 5) One of the main strategies to reduce costs of the domestic automobiles, manufacturers of component parts are relocating their manufacturing sites to countries such as Canada, Mexico, India, China and the Philippines to reduce the costs of these components. The affect of these moves is obviously a loss of domestic jobs and a reduction of cash flow into the US economy...

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