Thursday, September 06, 2007

Auf Wiedersehen.

Volkswagen announced today it was moving its headquarters out of Michigan to Virginia:
A message from Stefan Jacoby to Volkswagen of America employees: Dear Colleagues:Good morning. Today we are announcing a new strategic direction for our Company that will allow us to grow our U.S. business by fostering a culture of fresh ideas and bold thinking — and connecting better with our customers...

The message that VW sent was that being Michigan-based would not help provide VW the imagination and creativity to compete in the automobile industry. VW's exit and the shuttering of Pfizer's R&D facility in Ann Arbor suggest that the Governor's dream to make Michigan the vertex for high-valued added jobs is floundering.

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