Exports, especially of textiles and motor components, three-quarters of them to Europe, now account for 47% of GDP.
They are already used in motor vehicles for components that have to withstand critical loads.
Specialized engineers focused on three critical areas: the battery, motor and electronic interface as integrated components of a complete machine.
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The Society of Motor Manufacturers and Traders sees it differently: the British motor industry supplies many of the components in those foreign cars, it argues.
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Among the largest underlying components of VPL, in trading today Toyota Motor Corp ( NYSE: TM) is off about 0.5%, BHP Billiton Ltd. ( NYSE: BHP) is off about 0.2%, and Westpac Banking Corp ( NYSE: WBK) is relatively unchanged.
Among the largest underlying components of VEA, in trading today Toyota Motor Corp ( NYSE: TM) is up about 0.4%, Vodafone Group Plc ( NASD: VOD) is up about 1.2%, and Total S.A. ( NYSE: TOT) is higher by about 0.7%.
Among the largest underlying components of VXUS, in trading today Toyota Motor Corp ( NYSE: TM) is trading flat, Total S.A. ( NYSE: TOT) is down about 1.9%, and British American Tobacco Plc ( AMEX: BTI) is lower by about 0.8%.
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Among the largest underlying components of VPL, in trading today Toyota Motor Corp ( NYSE: TM) is up about 0.7%, BHP Billiton Ltd. ( NYSE: BHP) is up about 1.3%, and Westpac Banking Corp ( NYSE: WBK) is up by about 2.4%.
Among the largest underlying components of VPL, in trading today Toyota Motor Corp ( NYSE: TM) is off about 0.2%, BHP Billiton Ltd. ( NYSE: BHP) is off about 1.2%, and Westpac Banking Corp ( NYSE: WBK) is lower by about 2.3%.
Among the largest underlying components of VPL, in trading today Toyota Motor Corp ( NYSE: TM) is down about 0.5%, Westpac Banking Corp ( NYSE: WBK) is up about 1.3%, and Mitsubishi UFJ Financial Group Inc ( NYSE: MTU) is lower by about 0.3%.
Among the largest underlying components of VEA, in trading today Toyota Motor Corp ( NYSE: TM) is up about 1.2%, Royal Dutch Shell plc ( NYSE: RDS.A) is up about 0.7%, and Total S.A. ( NYSE: TOT) is up by about 0.5%.
That's exactly what Ford Motor concluded by the 1950s, when it reversed course and started buying more components, including steel, from outside suppliers.
Like Ford Motor, GM is moving toward so-called global architectures-- single sets of components for vehicles worldwide--which will boost its economies of scale.
At the Shanghai motor show in April, Toyota president Akio Toyoda announced that the company was studying producing in China key components of its hybrid vehicles (HV), such as batteries and motors.
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