Labor & Economic News Blog
Wednesday, March 12, 2008
Weak Dollar Boosts Foreign Manufacturing in U.S.
Weak Dollar Boosts Foreign Manufacturing in U.S.NPR audio:
The dollar's slide against the euro means making goods in Europe for U.S. consumers is more expensive, so German automaker BMW is expanding its operations in America. Sennheiser, another Germany company which makes often-expensive microphones and headsets, has been manufacturing products in New Mexico for years and may expand U.S. operations further.
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