USA: Detroit cheers falling dollar - report
Detroit car makers, facing weaker sales and falling market share, have cheered the 13% fall in the US dollar against the euro this year, which has put pressure on prices of imports from rivals, Reuters reported. The dollar's more modest 2% drop against the Japanese yen has helped counter the cost advantage of up to $3,500 per imported vehicle that Japanese manufacturers have against their US competitors, General Motors chief economist Mustafa Mohatarem told Reuters.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable