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TTAC: Dropping Euro Makes Japanese Carmakers Want To Throw Up

Discussion in 'Other Cars' started by cwerdna, Jan 18, 2012.

cwerdna Senior Member

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Dropping Euro Makes Japanese Carmakers Want To Throw Up | The Truth About Cars

Everybody is talking about how much the Euro is losing against the dollar. At closer look, it is not alarming. Even during normal times I have seen lower Euro rates than the current $1.27. But wait until you look at the Euro from a Japanese perspective. (Like the one I have at the moment, sitting in a pittoresk cabin half way up Mount Fuji that could use better heat.) The anemic euro might discourage people like me from coming to Japan. What it really does is discourage Japanese automakers from exporting to Europe. A lot has been said about the strength of the Yen against the dollar. Itâ€™s nothing compared to the Euro. Against the Euro, the yen turned into Godzilla. This has Japanese automakers extremely worried. They donâ€™t really know what to do about it....
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#1 cwerdna, Jan 18, 2012

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