8.24.2005

Globalization, a definition

"Nemak, an automotive unit of Mexican industrial conglomerate Alfa, won a contract to produce 330,000 aluminum motor heads a year for Hyundai Kia, a Korean automaker. The automobiles will be built in Slovakia and sold in Europe. Terms were not disclosed."

Whatch wanna bet they used parts machined in Turkey, interior fabrics from Honduras and Malaysia, glue and bolts made in USA, that the boss is Brazilian, the financing was Spanish (with the Dutch) and that the cars sold in Europe will be re-exported to northern Africa.

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