Ford Motor Co. is not shy about telling it like it sees it, and the way the American carmaker views things is that Toyota Motor Corp. and other Japanese automakers are taking advantage of the ill yen to keep open plants in the homeland to build vehicles that have created a vehicle glut in the U.S. Ford says this overabundance of vehicles is a threat to job growth in America.
Conversely, Joe Hinrichs, Ford’s president of operations, says that American carmakers are only able to make cars on the North American continent to sell in the U.S. American auto makers cannot take advantage of a weakening currency to make and sell vehicles in the U.S.
“The industry is growing and capacities are a little tight in North America. Where is the extra available capacity going to come from? If Japan’s one of those places, in lieu of more manufacturing in the U.S., the American worker does lose in that proposition.”
HIS Automotive sees truth in Hinrichs’ claims and estimates that Japan has more that two million vehicles of excess capacity.
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