Volkswagen Considering Increased U.S. Production | Business| Economy and finance news from a German perspective | DW | 19.01.2004
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Volkswagen Considering Increased U.S. Production

The weak dollar is causing Volkswagen sales to the United States to decline, according to the Wolfsburg-based car maker. CEO Bernd Pischetsrieder told the car magazine Automobilwoche that the company was also considering increasing its production in the United States. "The problems resulting from the weak U.S. dollar are at the top of my agenda," he said. The loss of revenue resulting from a strong euro is the company’s biggest financial burden at the moment, the CEO admitted. VW is now looking into moving the complete production of a new model into the North American market. Pischetsrieder declined to give further details on which model was intended.

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