BMW to make fewer cars in Europe

199136 Resource 165490 94146 94146 1205186421040 1205186421040 Controlled BMW is shifting production to US

The US dollar is weak against the Euro and BMW will cut 7.5% of its German workforce.

The <country-region w:st="on"><place w:st="on">US</place></country-region> market is affecting many European corporations, including BMW as the US dollar continues to fall.  The cost to manufacture in <place w:st="on">Europe</place> is much higher at current currency exchange.  To minimize the losses BMW plans to shift the production to its <state w:st="on"><place w:st="on">South Carolina</place></state> plant.  The move will allow for BMW to pay lower wages, lower cost for parts, and lower transportation cost for locally sourced products. 9 application/xml false BMW production sourced products Supply Chain transportation cost BMW to make fewer cars in Europe BBC News http://news.bbc.co.uk/2/hi/business/7287640.stm Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 6.0; SLCC1; .NET CLR 2.0.50727; .NET CLR 3.0.04506; InfoPath.1) 127.0.0.1 127.0.0.1 Establish 208.105.4.154 false true false false true 187565 false false true false false false true 165490 blog blogsite/ChinaSupplyChain/web