GKN shifts operations to low-cost economies

摘要

Gkn has unveiled plans to shift more of its automotive parts operations to low-cost economies. The UK engineering giant will move an additional 20 per cent of the production capacity of its constant velocity joint (CVJ) business to lower-cost regions in a move designed to save it ￡40m a year from 2007 onwards. The move underlines the growing perception of the world's big automotive groups that countries such as China and India are becoming key car markets in their own right, as well as attractive venues from which to manufacture vehicles and components for export.