"Carmakers Shift Their Sights to Turkey
As wages start to creep up in Eastern Europe, carmakers, including Honda and GM, are taking advantage of the country's low costs and flexible labor
by Gail Edmondson
Is Turkey the next hub for global auto production? Eastern Europe is humming with cutting-edge auto factories built since the collapse of communism in 1990, as global giants such as Toyota (TM), General Motors (GM), and Renault rushed to tap the region's low wage rates and top engineering skills. But Turkey is making huge gains, too, competing for future investments and determined to become an auto export powerhouse."
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