, and even in the United States those prices are five times higher. Throw in the tight labor market and the higher compensation required to attract workers, and “there’s no improvement in sight.”
Bob Roth, co-owner of RoMan Manufacturing, a producer of transformers and glass-molding equipment in Grand Rapids, Michigan, said the only place where his company has seen cost relief recently was with declining copper prices. “It’s clear the [automakers] have the chance to increase the prices of new cars, we have increased on the materials side, [and] in many cases we are able to give those increases to our customers,” he said.
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