“It may sound like a joke but it can be cheaper than you imagine to manufacture there,” the chairman of one of Germany's largest automotive groups told the Financial Times.
The reason is less the level of the dollar, which remains relatively high in spite of the euro's recent plunge, but rather the huge level of incentives some US states are offering companies to set up factories in their region.
Tennessee, for instance, just disclosed that it agreed to give German carmaker Volkswagen $577m in incentives for its $1bn plant in Chattanooga.
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