Cheaper German cars from the USA for Germans
01-08-2004, 01:15 PM
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Cheaper German cars from the USA for Germans
http://money.cnn.com/2004/01/08/news...reut/index.htm
"FRANKFURT (Reuters) - The euro has risen so far against the dollar that Germans buying new luxury cars could start saving money reimporting vehicles made at home from the United States, according to a study by an industry research group."
According to B&D Forecast data, a luxury Rolls-Royce Phantom built by Munich-based BMW would cost around 285,500 euros in the United States, assuming a euro/dollar rate of $1.30, compared to over 370,000 euros in Germany.
Savings would also be made on less extravagant models, such as the Phaeton executive saloon made by Europe's biggest carmaker Volkswagen AG. The data showed a 4.2-litre V8 Phaeton would be some 16,000 euros cheaper if bought in the United States.
"FRANKFURT (Reuters) - The euro has risen so far against the dollar that Germans buying new luxury cars could start saving money reimporting vehicles made at home from the United States, according to a study by an industry research group."
According to B&D Forecast data, a luxury Rolls-Royce Phantom built by Munich-based BMW would cost around 285,500 euros in the United States, assuming a euro/dollar rate of $1.30, compared to over 370,000 euros in Germany.
Savings would also be made on less extravagant models, such as the Phaeton executive saloon made by Europe's biggest carmaker Volkswagen AG. The data showed a 4.2-litre V8 Phaeton would be some 16,000 euros cheaper if bought in the United States.
