Marketplace®
Every story is an economic story

Ford . . . made in China

Desperate to cut costs, struggling automaker Ford has announced it's going to almost double its purchase of China-made parts. Ruth Kirchner reports.

TEXT OF STORY

LISA NAPOLI: Ford keeps on looking for ways to reduce its costs. So it’s not going to buy American. From Beijing, Ruth Kirchner says the struggling automaker’s going to double its purchase of Chinese-made auto parts.


RUTH KIRCHNER: Chairman William Ford Junior said the carmaker is going to buy up to $3 billion worth of auto parts in China.

That’s almost double the amount Ford bought last year.

The company said the quality of the Chinese suppliers was improving but costs are a lot lower.

An average manufacturing job in china pays about 10 percent of an equivalent job in the U.S.

Ford wants do cut $6 billion in annual costs by 2010.

In Beijing, I’m Ruth Kirchner for Marketplace.

Related Topics

Tagged as:

Latest Episodes

View All Shows
  • Marketplace Morning Report
    3 hours ago
    5:52
  • Million Bazillion
    7 hours ago
    27:55
  • Marketplace Tech
    7 hours ago
    4:45
  • Marketplace
    19 hours ago
    25:16
  • This Is Uncomfortable
    5 days ago
    27:11
  • Make Me Smart
    4 months ago
    24:33