From the no kidding files: Weak dollar hurts European small car sales in U.S.
You know all those European vehicles that we complain we don't get here in the U.S.? Diesels or not, we shouldn't be holding our breath that there will be a great influx any time soon. BusinessWeek tells us that the weak greenback is (surprise) making European vehicles even less profitable in the U.S. Even though, overall, small cars were the big winner in May auto sales in America, Volvo, Volkswagen and BMW all sold fewer small models (excluding the MINI). BusinessWeek calls it a head-scratcher, then explains that the Europeans are limiting supply because these vehicles aren't profitable. You can see some of the exact price matchups in the original article
One obvious question to ask is whether we'll now see more small car production move to the U.S.? This is something that has been happening for a while, and even holdouts like Volvo are thinking of moving production here.
[Source: BusinessWeek]
Reader Comments (Page 1 of 1)
James 4:34PM (6/06/2008)
The U.S. will become the next new China for the Europeans.Because it will be cheaper to make cars over here then in Europe.
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