Jun 20, 2013

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Automobile Review: Ford Motor Co. (NYSE:F) and General Motors Co. (NYSE:GM) Ford Motor Co. (NYSE:F)

Automobile Review: Ford Motor Co. (NYSE:F) and General Motors Co. (NYSE:GM) Ford Motor Co. (NYSE:F)

Chief Executive Officer, Alan Mulally, termed Japan a currency manipulator that’s providing local exporters an unfair edge, as the sluggish yen pressurizes to weaken US automakers’ profits.

Japan is “absolutely” manipulating its currency, the CEO of the second-largest US vehicle maker reported in a Bloomberg TV interview on Wednesday. With the currency manipulation, we just have to recoup to the place where the currencies are kept by the markets and the free trade deals really are free trade deals.

Mulally, who’s expressed worries regarding the yen the whole year, shows how the currency-led boon for Japanese exporters is getting increasing international disparagement. Bank of Korea Governor, Kim Choong Soo, this week demanded Asian countries to work jointly to secure themselves next to the side-effects of Prime Minister Shinzo Abe’s reflation campaign.

General Motors Co. (NYSE:GM)’s struggle to surpass Toyota Motor Corp. (7203) in quality started with simple things, including relocating door-lock buttons to a more convenient place and using ostrich feathers to dust vehicles ahead of painting.

It’s a lot of little things that are done just an inch better at a time that adds up to having a product that’s right at the top of the list, Mike Hardie, director of global quality strategy at GM, reported on Wednesday in an interview.

 

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