More European car manufacturers look to locate outside Europe....

More European car manufacturers look to locate outside Europe.
German car parts maker ZF Friedrichshafen's

He also stressed that prolonged periods of high energy prices will mean companies have to factor in the added costs when assessing where to allocate their manufacturing capabilities.
On average, 30 percent of what ZF’s 90,000 employees build in Europe is exported to car plants in North America, with more than half of Saarbrücken’s transmission output shipped beyond the EU's borders.
That’s made financial sense until now, but given the high utility costs — and the company's existing outposts in North America and in Asia — it could choose to move production outside Europe where running costs are cheaper.
“It could happen that suddenly in five, six years we are rubbing our eyes and wondering, ‘where are our products?’” said ZF's Scheider.