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TRUCKMAKERS NEWS * USA
* European Automakers Likely to Build Plants in United States
Detroit,Mich,USA -The New York times (NY,USA), by NICK BUNKLEY -December 11, 2007: -- The dollar’s falling value is making European automakers eager to build more vehicles in the United States, even as American car companies continue to shift production to other, lower-cost countries...
* Fiat, the Italian carmaker, is the latest company to suggest that it may build a plant in the United States. Its Alfa Romeo is returning to the United States next year after a 13-year absence.
* Volkswagen of Germany is scouting locations for a plant in the eastern United States. It was the first foreign carmaker to open an American factory, in New Stanton, Pa., but closed the factory in 1988...
Fiat and Volkswagen are mass-market European brands, as opposed to BMW and Mercedes-Benz, which operate luxury car factories in the American south. Analysts said the arrival of Volkswagen and Fiat could lead others, like the French companies Renault and PSA Peugeot-Citroën, to move production to this country as well, if the euro remains strong... Both BMW and Mercedes, which began building vehicles in the United States in the 1990s, are expanding American production in response to the dollar’s falling value against the euro... The euro traded at $1.4712 Monday in New York, slightly below the record high set last month. A slowing American economy has accelerated the dollar’s fall against the euro this year... A recent study by the Center for Automotive Research in Ann Arbor, Mich., conducted before the dollar’s latest period of decline, found that autoworkers in Western Europe were earning nearly $10 more an hour than their American counterparts...
* Navistar, UAW reach contract agreement
Warrenville,Ill,USA -Bloomberg/The Detroit News -12 Dec 2007: -- Truckmaker Navistar International Corp . said it reached a contract agreement with the United Auto Workers union, potentially ending a seven-week strike, Bloomberg News reported Wednesday. A ratification vote on the three-year accord may take place this weekend... The union represents about 3,700 workers at nine U.S. facilities, Navistar said. Navistar had been seeking concessions in talks that have stretched over more than two years...
Labels: truckmakers' news USA
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