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Stock Market & Financial Investment News

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December 28, 2012
06:57 EDTNSANY, FAuto makers attracted to Spain's low labor costs, NY Times reports
Ford (F) and Renault have recently announced plans to increase their production capacity in Spain, where labor costs are now 40% cheaper than in Germany and France, according to the New York Times. Other car makers had previously committed to spending up to $2.64B on building new plants or expanding existing factories in Spain, giving the troubled country a ray of hope, the newspaper said. Reference Link
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