Ford chief slams yen weakness vs dollar

Newswire

DETROIT, Oct 29 (Reuters) - Ford Motor Co. Chairman and Chief Executive Bill Ford Jr. said on Tuesday that the yen's prolonged weakness against the dollar had put U.S. automakers at a disadvantage when it came to the cost of building and selling new cars and trucks. "If I look at their real advantage right now it's in the yen-dollar relationship," Ford told a meeting of institutional investors in California. "And it really, competitively, puts us at a real disadvantage," he said. The ...

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