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Ford Embarks on Canadian Buying Spree

Ford Embarks on Canadian Buying Spree

Friday, May 23, 2003
 
By 2005, Ford Motor Company plans to increase spending among Canadian suppliers by 56 percent, according to a recent report published at www.crainsdetroit.com. The move leverages favorable U.S.-Canadian exchange rates and avoids tariffs on parts exported from other countries. Alain Batty, CEO of Ford of Canada, announced the plans in an April 29 speech to the Canadian Auto Parts Manufacturers’ Association.

 

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