WEAK DOLLAR UPDATE: “With the dollar as weak as ever, European companies are trying to avoid disaster. Factories in North American are becoming more attractive, and over the weekend, both Airbus and VW hinted they might take the plunge.” Hmm.

UPDATE: Reader Jim Dunn emails:

Greetings, Prof. Reynolds. I saw your post on the weak dollar possibly leading to foreign manufacturers building plants in the U.S., but I wanted to point out that the Spiegel Online article you linked to erred in one respect. (I write for Business Alabama magazine, so it’s my job to know about these things.) Airbus is hoping to land the Air Force tanker replacement contract, true, but that’s been known for a while. What’s new is that they’re now considering building passenger aircraft in Mobile, Alabama, as The Birmingham News reported. Here’s a link to that story.

Also, I have to point out that German steelmaking giant ThyssenKrupp is already building a massive new facility in the Mobile area that will cost around $4 billion.

A weaker dollar is not all bad.