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Detroit 3 Demand Japan Be Labeled A Currency Manipulator
The Detroit 3 are launching a campaign to have Japan labeled a currency manipulator and to end what they say is an unfair subsidy for Japanese automakers.

The Detroit 3 claim that the artificially undervalued yen provides a $4,000 to $12,000 bonus for each vehicle imported from Japan. Competitors use the advantage to keep prices low or to fund additional product development, the Detroit automakers say.

They have made similar arguments in the past.

But there are some new developments, top economists from the Detroit 3 told reporters here today.

They say the dollar has been going down against other freely traded currencies but not against the yen — proof, they say, that the markets know Japan would intervene if the yen appreciated too much.

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Detroit 3 Demand Japan Be Labeled A Currency Manipulator



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EL34EL34 - 10/23/2007 3:14:11 PM
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The Japanese will do anything to get ahead.

I guess it's time we teach them a lesson like we did before ;)

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w209w114w209w114 - 10/23/2007 4:03:15 PMView My AgentSpace
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Not to mention they see us Americans as an inferior race and still hold resentment from WWII. Of course they manipulate their currency. Without the U.S. they are nothing.


M35MTM35MT - 10/24/2007 9:56:09 AMView My AgentSpace
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You are both ignorant morons. They can try and push this propaganda all they want, it goes against the laws of economics.

The Japanese kept American imports out because there was no market for them.


theonemikaheltheonemikahel - 10/25/2007 10:11:45 AM
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Let's drop the H bomb on them....

way to go stupid


Yonder7Yonder7 - 10/23/2007 3:39:47 PM
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Yes, but you overtax Japanese cars and still losing ground. I hate to say this but is because our proudcts needs to be improved. Cadillac is the only one going in the correct direction.

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S4cabriofoxoneS4cabriofoxone - 10/23/2007 5:48:08 PMView My AgentSpace
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What do you mean by that? GM as a whole is making huge progress. Did you see all of their crossovers? Saturn? The new Malibu? Class-competitive to say the least.


M35MTM35MT - 10/24/2007 9:58:00 AMView My AgentSpace
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Yonder you are correct. Have you all forgotten that tarriffs exist? American cars are much cheaper by comparison, so are replacement parts. Its the product that sucks. That's why they are losing.


autoproautopro - 10/23/2007 5:03:37 PMView My AgentSpace
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One excuse after another.Quit giving all the profits to greedy executives with their golden parachutes.

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rok_altimarok_altima - 10/23/2007 5:17:09 PM
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The U.S. auto manufacturers are highly subsidised by the U.S. government/local governments with tax breaks, etc. The Japanese government is highly protectionist though. Then again, the U.S. highly subsidises agriculture causing farmers to over produce (because they get paid anyway) and then dumping the extra supply on foreign markets at a cheap price to where locals, who are already poor, then have no work because they can't compete with the prices; i.e. Haiti, Niger, etc.

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BillBill - 10/23/2007 5:28:13 PM
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The Japanese have been doing this for decades. It irks me when uninformed people praise the Japanese for offering "affordable cars for less money". If they only knew...

It's called unfair competition. I'm surprised this subject is treated so laxly by the economic community.

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Fan1234Fan1234 - 10/23/2007 6:38:38 PM
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If americans actually built cars that i wanted to drive.... that will be the day.


zorbeezezorbeeze - 10/23/2007 7:47:12 PM
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Ignorance is bliss. If you actually compare the japaneese cars with the americans there is no real price difference.


M35MTM35MT - 10/24/2007 10:01:20 AMView My AgentSpace
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Bill, take an economics class. Japan's economy is struggling and has been for decades. The fact that US Auto makers use this as an excuse is like the kid who complains he isnt as good at basketball because his parents cant afford the new Jordan's.


cericceric - 10/23/2007 7:36:23 PM
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Some here only cry foul when others are not fair to US, but enjoy the benefit when US is unfair to other countries. The whole world is unfair. WTO (World Trade Organization) is supposed to make it a fair game.
So don't cry. Appeal your case in WTO, not on internet.

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zorbeezezorbeeze - 10/23/2007 7:45:55 PM
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Oh please stop with the yapping and produce good quality cars. All Ford and Chrysler products are the worst in their class and even if they price them cheaper noone will buy them.

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toolatetoracetoolatetorace - 10/23/2007 10:42:07 PM
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The Honda motocycle company tried claiming marketshare with less than honerable ways to flood the market with Gold Wings and other heavy weight motorcyles years ago . They did suceed, for awhile . Those things were like door knobs , all over the place . They did manage to knock over the Triumph Motorcycle Company with help from Yamaha ,at least for awhile,anyway . But now look who's on top , Harley Davidson !!!A true American icon. I hope history repeats itself with the American "OWNED" auto companys reclaiming market share

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bobusbobus - 10/23/2007 11:13:29 PM
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If you cann't beat'em, then bitch and whine and moan.

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huu76huu76 - 10/25/2007 12:39:29 AM
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What a bunch of idiots. Wait until China starts dumping cars are Wal-mart.

Ironic since the Big 2 don't have any qualms about selling cars made from the king of all currency manipulators China. I guess it's only manipulation if you're losing.

Midengine,
I think we should give war a chance.

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huu76huu76 - 10/25/2007 12:47:52 AM
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Hate to break it to Detroit but the Yen is currently trading at 113, it was at 124 in June (of this year).

If anything, it should be Japan whining (like the Germans) about not being able to take as much profit because of the weak greenback.

Toolate,
Harley Davidson is actually not doing as good as you think. They're still making money, but not as much as they did before.

American icons are from the time when hard work and workers still existed, not lazy-ass union workers.
Even Boeing has problems. When they started to pass Airbus again, the unions at one of their wing manufacturing plants went on strike (idiots).

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