Description Employees in the parts industry outnumber final assembly workers at the automakers by nearly four to one. Not only are these companies increasingly responsible for producing significant portions of motor vehicles, they are becoming more likely to design and engineer those parts as well. Newswise — Rising fuel costs may not be the only culprit behind the downward spiral at many automakers, particularly the Detroit Three, according to a new book co-authored by an auto industry researcher at Miami University. While the public might believe GM, Ford, Chrysler and foreign competitors like Toyota and BMW make their own cars, the reality is parts suppliers now account for as much as 70 percent of the value added in the manufacture of motor vehicles. That’s the surprising finding outlined in Who Really Made Your Car?...
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