Exactly.

From the Reuters article:

New Chief Executive Norbert Reithofer, who has initiated the first strategic review since 2001, has said the group needs to build up its production volume in Spartanburg to roughly 200,000 units or more in the next two to three years to help hedge against currency fluctuations.

It built just 105,000 vehicles in Spartanburg last year.

Partly as a result, the company suffered adverse forex headwinds of 666 million euros ($902 million) in 2006 and another 677 million in 2005.