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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (2308)	11/18/2003 8:39:44 AM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 110194

...and another example of LACK OF PRICING POWER in finished goods due to GLOBAL MANUFACTURING OVERCAPACITY: Ford and GM Put the Squeeze On Parts Suppliers for Price Cuts DETROIT -- Ford Motor Co. and General Motors Corp., facing heightened competitive pressure from foreign auto makers, are setting rigorous new targets for price cuts by their parts suppliers. The moves underscore the growing globalization of the automotive industry, as auto parts, and entire vehicles, increasingly flow across borders in pursuit of economic advantage. Indeed, Ford executives told 100 of the company's top suppliers at a meeting earlier this month that their prices eventually must match those of their lowest-cost rivals, including ones based in low-wage countries such as China. online.wsj.com