Economics tilt toward US suppliers and absolute candor
Jul 01, 2008 | 06:06 AM
If you go to your Honda Motor Co. dealer to check out a new car, you might notice that the sticker says the transmission was made in Japan. And, sure, some car models are assembled in Japan and imported.
But for cars made in North America, much of the steel comes from American mills. And that's true for many "new domestic" automakers, including Honda and Toyota Motor Corp.
The new domestics can meet most of their steel needs in North America, according to representatives for both Honda and Toyota. And high ocean freight costs and the weak U.S. dollar only boost the incentive to source steel from the region.....
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