UPDATE 3-Ford says pays penalty of UK absence from euro

Newswire

(Adds reaction after speech in paragraphs 6, 8-9) By Daniel Morrissey MANCHESTER, England, Nov 25 (Reuters) - Ford Motor Co is paying an "incredible penalty" for Britain's absence from the European single currency and its UK competitiveness will be hurt if the nation does not join, the auto giant said on Monday. Ford President and Chief Operating Officer Nick Scheele told Britain's top business conference that every minute Britain delays adopting the euro is hurting the UK-based ...

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