Sunday, April 01, 2007
GM Europe boss fears strength of euro
GM EUROPE president, Carl-Peter Forster, yesterday called for political action to tackle the damage being done to the car industry by the overvalued euro.
He said the disadvantage which European car manufacturers were suffering, because of the high value of the euro against Far East currencies such as the yen and the Korean won, had been underestimated by governments within the eurozone.
DATED: 01.04.07
FEED: AW
He said the disadvantage which European car manufacturers were suffering, because of the high value of the euro against Far East currencies such as the yen and the Korean won, had been underestimated by governments within the eurozone.
DATED: 01.04.07
FEED: AW
