NEWCASTLE, U.K. – Auto makers and vehicle traders are warning of a "growing cash drain" facing their industry if nothing is done to counter the strength of the national currency, the pound. Mike Baunton, president of the Society of Motor Manufacturers and Traders (SMMT), says the strong exchange rate is costing Britain's auto industry lost export opportunity. "We are grateful to the (British) government for giving us consistently low inflation and low interest rates, but something has to ...
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