Strong Euro, Weak Dollar Could Send Plants Here

If the dollar keeps slumping against the euro, the United States could become the next Mexico - a low-cost manufacturing haven for European automakers and suppliers.

At the moment, European carmakers are holding to their strategies, bumping up North American output as the euro shows no sign of weakening against the dollar. The euro hit a record Thursday, July 19, topping $1.38.

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Anthony - 7/23/2007 9:49:10 AM

+2 Boost

The U.S. will not become the new Mexico in this regard. We have the UAW making sure of that for us.

EnnNorak - 7/24/2007 1:12:00 PM

+2 Boost

The UAW has virtually priced itself out of the labor market permanently. It will soon be all academic anyway as labor content continues to dwindle and capital investment for automation continues to increase. Robots are far more efficient than humans and more cost-effective given sufficient economies of scale in production. Future auto plants will be run with a handful of industrial engineers and small maintenance staff whose sole function is to keep the robots running and to make the production process evermore efficient. Japan is probably already ahead of us in that respect.

Will_ - 7/23/2007 11:37:43 AM

+6 Boost

Why don't you lend him your magic feel BMW dildo for a more driver-oriented experience?

Rupert - 7/23/2007 8:38:02 PM

+1 Boost

oh that happens sometimes, just reload the page.

EnnNorak - 7/24/2007 1:15:25 PM

+2 Boost

I get errors of a different kind. I find that unless I proofread everything 3 times I get spelling mistakes in the form of joined words or reversed or missing letters. Some of it is due to excessively fast typing but I swear that other times it's due to the nature of Internet transmission.