NewYork, NY— After getting over the downtrend 5 years back,he U.S. auto industry is now powering up for record Auto export sales , partially due to favorable exchange rates and controlled labor costs its showing a positive pattern to continue for years to come.
Honda leads the turnaround saying that it expects by end 2014 to export more vehicles from North America—with nearly all of them coming from its U.S. factories—than it brings from Japan
Last year, more than one million cars and light trucks were exported from U.S. auto plants, the highest recorded and a more than threefold rise from 2003, according to the agency International Trade Administration.
Very competitive labor costs and restructurings that closed unproductive factories have made American auto plants major competitors in international exports . Many are looking at U.S. production as a way to serve booming emerging markets.
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