Weak Dollar Hangs Over US Carmakers
DETROIT (Reuters) - The record rise of the euro against the dollar hangs over the big U.S. automakers, whose returns from European operations in particular have shrunk due to the weaker U.S. currency.
Both General Motors Corp.
"It's a multi-pronged issue. On the one hand, it makes life more difficult for the European-based entities," Ford Chief Executive Bill Ford Jr. said last week at the Detroit auto show. "On the other hand, it should make life more palatable for the U.S.-based manufacturing group."
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