Suppliers Must Move Soon in China: Door is Closing, Experts Say at SAE Meeting
U.S. autoparts makers struggling to survive in an industry clogged with bankrupt companies can find a foothold in the future in China — but only if they act now. That’s the message several experts and supplier executives brought to suppliers Monday on the opening day of the Society of Automotive Engineers 2006 World Congress at Cobo Hall in Detroit. Suppliers and automakers have been making multibillion-dollar moves into China, lured by the possibility of cutting their costs as much as 50 percent.