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Industry: Email Alert RSS FeedVW looks to make Passat in Mexico; Weaker US dollar may lead to change.(Volkswagen AG)(Brief article)
Automotive News Europe, May, 2006 by Stein, Jason
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Byline: Jason Stein
Volkswagen is considering building Passats for North America in Mexico instead of Germany, said VW's top manufacturing executive.
The move would be a natural hedge against continued euro-dollar currency fluctuations.
"We face day-to-day exchange rate costs that we simply can't ignore," said Reinhard Jung, VW's head of production, in an interview with Automotive News Europe during a press event here. "The exchange rate situation is unacceptable."
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VW builds the upper-medium Passat in two German plants and exports them to the US. The ...
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