Ford urges U.S. pressure on Japan ahead of meeting - Ford Inside News Community
 
LinkBack Thread Tools
post #1 of 6 (permalink) Old 02-21-2013, 08:28 PM Thread Starter
FIN Moderator
 
nruggiero's Avatar
 
Join Date: Jul 2010
Location: Metairie, LA
Posts: 2,104
Ford urges U.S. pressure on Japan ahead of meeting

Ford urges U.S. pressure on Japan ahead of meeting
Automotive News
February 21, 2013
by Craig Trudell

CLEVELAND (Bloomberg) -- Ford Motor Co. pushed for President Barack Obama to pressure Japan's prime minister to open its auto market and refrain from weakening the yen to give its companies an advantage.

Less than 4 percent of auto sales in Japan last year were brands from companies based outside the country, Joe Hinrichs, Ford's president of the Americas, said today at an Ohio engine plant.

Ford also is concerned about the yen, which has weakened about 8 percent against the dollar since Dec. 26, when Shinzo Abe became prime minister.

"We hope the U.S. government will send a clear message that any future trade policy with Japan must ensure a level playing field and not come at the expense of American workers," Hinrichs told workers at the factory. Ford plans to invest about $200 million and add 450 new jobs there by late 2014.

Ford is boosting production in Asia, with an emphasis in China, where it will spend more than $4.9 billion to introduce 15 new models by 2015 in an effort to compete in the region with General Motors Co. and Volkswagen AG. Ford sells "a few hundred vehicles a month" in Japan, Hinrichs told reporters today.

The yen has weakened more than any currency since mid-November and trades at about 93 to the dollar. Japan's Abe, 58, and Obama, 51, meet tomorrow and will seek to bolster their alliance as a bulwark against China's territorial claims and North Korea's nuclear ambitions.

Full article available at link.
nruggiero is online now  
Sponsored Links
Advertisement
 
post #2 of 6 (permalink) Old 02-21-2013, 09:43 PM
2b2
Mercury C557
 
2b2's Avatar
 
Join Date: Mar 2007
Location: N NW of Atlantis (Reno)
Posts: 18,023
Blog Entries: 5
Re: Ford urges U.S. pressure on Japan ahead of meeting

after decades of "unfair" trade practices
I rather hope that Japan's KARMA (declining demographic, nuclear contamination, tsunami... ...blind auto stylists)
just finishes the job and has Japan fade away into total insignificance

just imho
2b2 is offline  
post #3 of 6 (permalink) Old 02-22-2013, 06:40 AM
Ford Mondeo
 
MKII's Avatar
 
Join Date: Apr 2007
Location: Tallinn Estonia
Posts: 1,321
Re: Ford urges U.S. pressure on Japan ahead of meeting

Always amazes me why USA does not use it leverage when dealing with Japan's auto industry. Without the USA market Japanese car makers would be non existent. It is were they make their operating monies.
IMO there is not a chance in **** Japan will change the way it does automotive business with the outside world.
Korea is on the same path.

2012 Ford Focus Titanium 1.6 TI-VCT SW Lunar Sky 6spd Powershift
2014 Ford Kuga Titanium 1.6 EcoBoost AWD Panther Black 6spd Auto
MKII is online now  
post #4 of 6 (permalink) Old 02-22-2013, 08:06 AM
Ford Falcon Ute
 
falcon lover's Avatar
 
Join Date: Mar 2007
Location: Caracas, Venezuela
Posts: 3,476
Send a message via MSN to falcon lover
Re: Ford urges U.S. pressure on Japan ahead of meeting

Quote:
Originally Posted by 2b2 View Post
after decades of "unfair" trade practices
I rather hope that Japan's KARMA (declining demographic, nuclear contamination, tsunami... ...blind auto stylists)
just finishes the job and has Japan fade away into total insignificance

just imho
i agree... and that comment is funny, and true: "BLIND AUTO STYLISTS"

FALCON LOVER ____________________________________________


falcon lover is offline  
post #5 of 6 (permalink) Old 02-22-2013, 02:48 PM
2b2
Mercury C557
 
2b2's Avatar
 
Join Date: Mar 2007
Location: N NW of Atlantis (Reno)
Posts: 18,023
Blog Entries: 5
Re: Ford urges U.S. pressure on Japan ahead of meeting

^

Quote:
Originally Posted by MKII View Post
Always amazes me why USA does not use it leverage when dealing with Japan's auto industry. Without the USA market Japanese car makers would be non existent. It is were they make their operating monies.
IMO there is not a chance in **** Japan will change the way it does automotive business with the outside world.
Korea is on the same path.
just-imho
the congress-critters of states that have SOLD-OUT to foreign mfgs act like lobbyists for Japan Inc.
(of course partisan stupidity keeps congress from trying to do ANYthing useful anyway)
2b2 is offline  
post #6 of 6 (permalink) Old 02-27-2013, 02:24 PM
Ford Mondeo
 
AM222's Avatar
 
Join Date: Apr 2010
Location: Philippines
Posts: 1,406
Re: Ford urges U.S. pressure on Japan ahead of meeting

Quote:
Originally Posted by MKII View Post
Always amazes me why USA does not use it leverage when dealing with Japan's auto industry. Without the USA market Japanese car makers would be non existent. It is were they make their operating monies.
IMO there is not a chance in **** Japan will change the way it does automotive business with the outside world.
Korea is on the same path.
There are many USDM models available in South Korea from Fords to Toyotas because of the South Korea-USA Free Trade Agreement.

What's the current status of imported vehicles in Japan? I read that VW is doing well there.
AM222 is online now  
Sponsored Links
Advertisement
 
Reply

Tags
ahead, ford, japan, meeting, pressure, urges

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Ford Inside News Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome