In order to combat a tough exchange rate between the U.S. dollar and the euro, Volkswagen is considering opening a new factory in the United States. VW has traditionally made little profit on US vehicles - compared to its sales elsewhere - but now the automaker is looking at a new factory to offset these costs.
VW built cars in Pennsylvania until 1988 and the German carmaker currently builds VWs for the U.S. market in Mexico and Brazil (in addition to European factories), but increased demand for products might dictate the need for a U.S. factory, according to Focus, a German magazine.
VW's CEO, Martin Winterkorn, said that VW is looking to expand its Detroit-area U.S. headquarters and that, if exchange rates don't improve, the automaker will be forced to build a new factory.
VW built cars in Pennsylvania until 1988 and the German carmaker currently builds VWs for the U.S. market in Mexico and Brazil (in addition to European factories), but increased demand for products might dictate the need for a U.S. factory, according to Focus, a German magazine.
VW's CEO, Martin Winterkorn, said that VW is looking to expand its Detroit-area U.S. headquarters and that, if exchange rates don't improve, the automaker will be forced to build a new factory.
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