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Article: Executive Motoring: Cheaper Eastern Europe lures car makers.(Business)
- Article from:
- Western Mail (Cardiff, Wales)
- Article date:
- March 5, 2003
CopyrightCOPYRIGHT 2003 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CSM WORLDWIDE forecasts new automotive production capability will fuel an increase in business investment in Eastern Europe.
The shift comes at the expense of traditional manufacturing centres in Western Europe, where despite strong productivity, high labour costs are driving OEMs to source smaller, margin sensitive offerings from new facilities in the East.
According to CSM and the Consensus Economics January 2003 forecasts, several ...