US Dollar Down, Foreign Investment Up

The US Dollar has fallen 40% against the Euro since 2001. Purchases made in the US are a bargain for anyone with Euros.
More and more European companies are setting up or expanding their US holdings to take advantage of the exchange rates. In effect, the US has become a “low-cost country” (LCC) for businesses based in Euro.
Bernd Matthes, president of BorgWarner Transmission Systems reports “The cost advantage in the US is at least one-third compared to Europe.”
Other examples from the automotive industry:

Alfa Romeo is looking for a location to produce vehicles in the US.
Ditto for Volkswagen
BMW will invest $750 million …read more