View Single Post
      09-23-2008, 10:28 PM   #3
Palbay
Captain
Palbay's Avatar
United_States
586
Rep
728
Posts

Drives: 2007 BMW X3
Join Date: Oct 2007
Location: Upstate,SC

iTrader: (0)

Quote:
Originally Posted by 02black330ci View Post
Anybody hear about this, any more info? I just read this on www.speedtv.com. Doesn't sound too good....

http://automotive.speedtv.com/articl...s-sales-slide/
Here is the entire article from Automotive News.I posted it over on the X6 Forum.People are tired of hearing me say this....but w/ the weak US Dollar...BMW can't make enough margin on exports to the US.Hence,40,000 less cars next year.BMW in round numbers loses 40% of its profits on each US sale due to the current exchange rate..... US Dollar vs Euro.Either BMW continues to shrink as a major US player (sells less and less cars every year) and I don't think long term BMW wants to become a very small player in the US market.The US accounts for 25% of BMW's worldwide sales now. Or BMW can build more stuff here in the US and eliminate the exchange rate issue altogether.Thanks! PalBay http://www.xbimmers.com/forums/showthread.php?t=172845
__________________
Appreciate 0