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  • Airbus, VW Headed to America

    12/03/2007 4:58:33 PM PST · by DeaconBenjamin · 19 replies · 318+ views
    Spiegel ^ | December 3, 2007
    With the dollar as weak as ever, European companies are trying to avoid disaster. Factories in North American are becoming more attractive, and over the weekend, both Airbus and VW hinted they might take the plunge. The euro's seemingly inexorable drive toward the $1.50 mark may have slowed down for now, but companies in Europe seem to have sped up their search for strategies in dealing with the newly weak dollar. European jet-maker Airbus and auto manufacturer Volkswagen both have decided on a solution: The two companies are actively looking into building factories in the United States. According to a...