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      02-29-2008, 06:31 PM   #23
Cookiemonster
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Quote:
Originally Posted by Magna3 View Post
Does the ever increasing value of the euro (or decreasing of the dollar) play into this?
DEFINETLY! BMW said yesterday they are cutting 8100 jobs. It the Euro continues to rise more layoff are likely.

http://www.iht.com/articles/2008/02/27/business/bmw.php

all about profits and the rising Euro is hitting BMW profits hard in the USA market!

They are loving the cheap labor at spartanburg!
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