The weak dollar breathing new life into U.S. auto plants
The Wall Street Journal / JOHN D. STOLL
29-Apr-2008 (one comment)

DETROIT -- Last year's landmark labor deals and the weak dollar are breathing new life into U.S. auto plants, leading Detroit's auto makers to plan sizable exports of U.S.-made vehicles to markets around the world. General Motors Corp. is looking to export U.S.-made vehicles to Europe as well as to China and Latin American markets such as Brazil, company executives confirmed. Chrysler LLC, primarily spurred by exchange rates, has already started shifting production from Europe to the U.S. to take advantage of lower costs and available plant capacity.

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aryanium

Detroit Sets Bold Goal: Exporting U.S. Cars

by aryanium on Tue Apr 29, 2008 10:06 PM PDT

For years the U.S. has been one of the most expensive places in the world to make cars. But the new contracts with the United Auto Workers union signed last fall significantly improve the global competitive position of Big Three plants. The weaker dollar, which makes production in the U.S. less expensive, is also helping to turn the economics of domestic production upside down.

 



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