Blog: Toyota investment
Dave Leggett | 20 May 2003
Little wonder Toyota has been conspicuously quiet in the UK's euro debate lately though. Noises about the problems of being outside the euro area in the UK wouldn't sit terribly well with these investment plans. As GM recently noted when it decided to invest at Ellesemere Port in England, the currency question is just one element in the pot. I'd like to know what Toyota's working assumptions are for the UK's exchange rate position to the end of this decade though. I spoke to an economist at one of the big OEMs recently who was working on the assumption of 2009 euro entry for Britain.
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