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MONDAY, NOVEMBER 23, 2009
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Airbus, VW May Open US Plants

Weak dollar has European companies looking overseas

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(Newser) – The dollar’s continued weakness against the euro has European companies such as Airbus and VW looking to move production to the US, reports Der Spiegel. “We don’t have a choice,” said the CEO of Aribus parent company EADS. If Airbus wins a contract to supply the US Air Force with 180 refueling jets, the company says it might build an assembly plant in Alabama.

VW, too, hopes to reduce the impact of the dollar’s plunge and is scouting for plants in the US. American autoworkers earn $10 less per hour than their Western European counterparts, Der Spiegel notes. VW, which is also looking in Mexico, has experience manufacturing autos in the US. It once operated a plant in Pennsylvania, though it closed in 1987.

The 2001 computer image provided by Airbus shows the planned military plane Airbus A400 M dropping goods in the desert. Shares in Airbus parent EADS sank after the company warned Monday, Nov. , 5, 2007 that a six-month delay on the delivery of its A400M military aircraft will cost as much...
The 2001 computer image provided by Airbus shows the planned military plane Airbus A400 M dropping goods in the desert. Shares in Airbus parent EADS sank after the company warned Monday, Nov. , 5, 2007...   (Associated Press)
Ron Anderson, Chief Executive Officer of US' Intrepid Aviation Group poses with a plane model after signing with Airbus a firm order for the purchase of 20 A330-200Fs, the newest freighter model offered by Airbus. The US military is looking at a modified version for use as a military tanker.
Ron Anderson, Chief Executive Officer of US' Intrepid Aviation Group poses with a plane model after signing with Airbus a firm order for the purchase of 20 A330-200Fs, the newest freighter model offered...   (Associated Press)
Louis Gallois, CEO of EADS, parent company of Airbus.
Louis Gallois, CEO of EADS, parent company of Airbus.   (Getty Images)
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