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post #5 of (permalink) Old 08-29-2011
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Daimler AG To Increase Auto-parts sourcing in China Eightfold

Daimler AG plans to increase its sourcing of automotive components from China nearly eight-fold within four years, Gasgoo reports.
The world's second-largest luxury car maker will buy US$3.25 billion worth of car components per year in China, up from the $400 million for this year, Daimler AG said in a recent statement. While ambitious plans for exports of new vehicles from China are being retrenched or put on hold, European and U.S. auto manufacturers aggressively step up their sourcing in China as a means for cost reduction and profit enhancement.

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