A weak dollar is forcing BMW to increase prices. The company announced that prices will be raised internationally both this year and in 2009 and that will start with U.S.

BMW also announced that car sales in the U.S. will be lower this year compared with last year. It will reduce the number of cars it had planned to sell in the United States by 40,000 units, either by selling some of them in Europe and other markets or cutting production.

Also due to the current problems in the United States and deteriorating economic conditions in Europe, the company is burying its plans to produce the X7 - the super luxury SUV that was supposed to compete with Land Rover Range Rover.


Source: Automotive News

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