US carmakers ask Snow to warn Japan on forex moves

Newswire

WASHINGTON, Sept 29 (Reuters) - U.S. automakers have urged Treasury Secretary John Snow to tell Japan not to intervene in currency markets to rein in the yen and give its exporters a competitive edge, an industry official said on Wednesday. Stephen Collins, president of the Automotive Trade Policy Council, said the chief executives of General Motors Corp. , Ford Motor Co. , and DaimlerChrysler AG pressed the issue in a Sept. 20 letter to Snow. "We specifically encouraged him to make ...

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