German Carmakers See the U.S. as a Low Cost Production Area!

As a matter of fact, we could do without the exclamation mark in our title. See, with the U.S. dollar trading well over 1.50 against the EURO for a while now and the American economy significantly slowed down, it’s actually no surprise that the German automotive industry is looking into building more cars here. According to an interview that BorgWarner president Bernd Matthes gave to Automobilwoche, the U.S.A currently has a 30% cost advantage over Europe. -Continued

"The weak dollar is accelerating capacity build-up in the USA," said Dudenhöffer in his report published to the German newspaper. At the moment, while German manufacturers sell 903,000 cars in the U.S., they produce 670,000 units here. By 2013 net exports will fall from 233,000 vehicles to just 100,000, forecasted Dudenhöffer. -Pic: Carscoop

Via: Just-auto (sub.Req), Source: Automobilwoche