They’re are some benefits to a weaker dollar v.s. euro. It means the european companies will be moving more manufacturing/jobs to the US.
BMW already builds the X5 SUV in Spartanburg, SC and word is they will be moving X3 production from Graz, Austria to the Spartanburg factory by 2009 due to euro/dollar issues.
They do? I wasn't aware of that, thanks. I thought they just built the Z4.
Yup. Nevertheless this movement of manufacturing has also quite horrible effects on the US economy. There are much "better" and cheaper places for the European industry than Spartanburg. I.e. Airbus opened a assembly line of its A320 in China. Boeing has absolutely no chance to compete with Airbusses mounted by the Chi-Coms. The symbiosis between European know-how and 3rd world labor forces could pose a major impact for the US industry and US jobs.
Personally I would prefer a more adjusted policy between the US and Europe to avoid such BS. The high Euro is for sure no reason for happiness in the US.
Regards from good old Europe
A.B.