Der Spiegel: Lower Dollar Drives German Manufacturing to U.S.

By December 9, 2009Economy, Trade

Der Spiegel, “Falling Dollar Pushes Manufacturing Out of Europe“:

Production jobs have been moving out of Europe for years. But as the Daimler decision last week to move C-Class production to the US shows, the process is accelerating as the dollar becomes weaker. Companies from Airbus to ThyssenKrupp are opening factories in America to improve their bottom lines.

However, the lower dollar bespeaks a structurally weaker U.S. economy, the article contends.

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