Ford urges U.S. pressure on Japan ahead of meeting
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Thread: Ford urges U.S. pressure on Japan ahead of meeting

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    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.

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    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

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    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 hell Japan will change the way it does automotive business with the outside world.
    Korea is on the same path.
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    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"
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    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 hell 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)
    Last edited by 2b2; 02-22-2013 at 12:01 PM.

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    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 hell 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.

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