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Automotive News Europe, August, 2002
Variances in European importing, exporting
To the Editor:
THERE ARE interesting parallels between two articles in the July 15 edition. Page 8 talks about the trials and tribulations of the Japanese in Europe, and Page 10 about the problems faced by Europeans in the USA. There are accurate observations in both cases and lessons to be learned.
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To elaborate on some points made: While the US dollar-deutsche mark exchange rate has had major peaks and troughs over the years, the yen-deutsche mark relationship has also been unstable. It swung from 146 in 1979 to 86 in the ...
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