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Monday, February 25, 2008

US Production Possible for CSeries

Citing the value of the dollar versus both the British pound and the Canadian dollar, Bombardier said it was exploring U.S. production sites for the CSeries it took to the market last week. The possibility of losing Canadian production riled the Canadian press. “The best way to protect our business plan is to make sure we are competitive in context of a weak dollar,” said Bombardier Aerospace President and Chief Operating Officer Pierre Beaudoin. “Four years ago, the Canadian dollar was at 60 cents and last year it was 90. Now it is at parity.” He said it is the company’s fiduciary responsibility to investigate all options and that it could change the investment of the Canadian government in the project which is now one third of the $3.2 billion expected over the next five years. Related Story
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