VW plans to open U.S. plant to sell to Rich because of weak dollar they can't make a profit on SUV sales when have to ship them in.
12-3-2004 VW Considers Building Cars in U.S.
FRANKFURT - Continued depreciation in the dollar is forcing Europe's largest carmaker Volkswagen to consider building VW and Audi brand cars in the United States, the company's sales and marketing head said.
We are thinking about manufacturing those models there that for the most part are also sold in the U.S.," Georg Flandorfer told German daily Frankfurter Allgemeine Zeitung in an interview published on Friday, adding that the planned Audi Q7 sports utility vehicle could be a candidate.
The weak dollar is a major reason why VW expects to book a 1 billion euro ($1.34 billion) operating loss in North American operations this year.
12-3-2004 VW Considers Building Cars in U.S.
FRANKFURT - Continued depreciation in the dollar is forcing Europe's largest carmaker Volkswagen to consider building VW and Audi brand cars in the United States, the company's sales and marketing head said.
We are thinking about manufacturing those models there that for the most part are also sold in the U.S.," Georg Flandorfer told German daily Frankfurter Allgemeine Zeitung in an interview published on Friday, adding that the planned Audi Q7 sports utility vehicle could be a candidate.
The weak dollar is a major reason why VW expects to book a 1 billion euro ($1.34 billion) operating loss in North American operations this year.