• Jun 3rd 2006 at 3:04PM
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At the Mackinac Policy Conference in Michigan on Thursday, Chrysler president and CEO Tom LaSorda said he plans to call on George W. Bush to confront Japan about an artificially low yen rate that he maintains unfairly allows Japanese automakers up to a $3,000 advantage per vehicle over their American counterparts. LaSorda said that he, Rick Wagoner and Bill Ford plan to raise this topic, along with health care and energy policy, with President Bush in a meeting scheduled for later this month.

LaSorda drew attention to the 1.8 million Japanese vehicles that are still being imported into the United States, and although this number has decreased since years past, parts imported from Japan continue to exacerbate the issue.

[Source: Reuters]

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    • 1 Second Ago
      • 9 Years Ago
      america owns you, of course it is changed over time. No one is saying that JPY should immediately be re-valuated higher. It should go higher. Japan is an economic superpower. There is no reason why its currency should be valuated so low.

      You can hate Americans all you want, but all I'm asking for is fair trade. Open your market to us as we opened to you exactly. By the way, I have NEVER stated that American cars are better. I think we are lagging behind.

      All I'm saying is that if it is indeed fair, let our agricultural goods to your country. Let our technology companies ship our goods to you exactly the same why you ship your goods to us.

      Is that asking too much?
      • 9 Years Ago
      Plus we also invented the gay lifestyle into the mainstream and Michael Jackson. I love Michael Jackson and his girly voice, I even had his white gloves and hat.
      • 9 Years Ago
      America and literacy don't go together.

      The United States is 49th in the world in literacy (the New York Times, Dec. 12, 2004).
      The United States ranked 28th out of 40 countries in mathematical literacy (NYT, Dec. 12, 2004).
      Twenty percent of Americans think the sun orbits the earth. Seventeen percent believe the earth revolves around the sun once a day (The Week, Jan. 7, 2005).

      America and health don't go together.

      The World Health Organization "ranked the countries of the world in terms of overall health performance, and the U.S. [was]...37th." In the fairness of health care, 54th. "The irony is that the United States spends more per capita for health care than any other nation in the world". Pay more, get lots, lots less.
      Lack of health insurance coverage causes 18,000 unnecessary American deaths a year. (That's six times the number of people killed on 9/11.) (NYT, Jan. 12, 2005.)
      The United States is 41st in the world in infant mortality. Cuba scores higher (NYT, Jan. 12, 2005).
      Women are 70 percent more likely to die in childbirth in America than in Europe (NYT, Jan. 12, 2005).
      US(with 77.4 years, both sexes) doesn't even appear in the list of top ten in highest life expectancy. It includes Japan, Sweden, Switzerland, Canada and Iceland.

      America and wealth don't go together.

      n the US, over the past thirty years, wealth inequality has nearly doubled. At present, 20 percent of the people control 80 percent of the wealth, and of all the major industrialized nations, we are the most unequal. According to the World Bank�s World Development Index of 2002, the US doesn�t even appear in the top thirty of greatest equality, which includes the three Scandinavian countries and Japan in the top ten.

      America and living standards don't go together.

      According to the UN Human Development Index for 2004, the U.S. places only eighth on the list of most livable countries. First through fourth place went to Norway, Sweden, Australia and Canada.

      America and freedom don't go together.

      In 2003, World Audit, an international non-profit organization, computed the relative level of democracy of 149 countries with population greater than one million. Analyzing data from a number of human rights organizations, they developed a formula that factored in levels of personal, political and press freedoms, as well as human rights. The results? On the list of top ten, the US was last, just behind Canada, and with all three Scandinavian countries leading.

      America and charity don't go together.

      Of the 21 wealthiest nations in the world, the US is in last place in percentage of national income devoted to aiding less fortunate nations. That was less than 1/7th of one percent, according to the late Paul Simon, former Senator and Director of the Public Policy Institute in his 1998 book, Tapped Out. Denmark, Norway, Netherlands and even Saudi Arabia donated seven times what the US did, he said. And the trend has continued.

      America and corruption goes together.

      According to the organization Transparency International, the U.S. scored a lowly 19th on their 2003 list (a three place fall from the year before) with a 7.5 CPI (Corruption Perception Index). Finland, Iceland and Denmark were the top three, with Norway, Sweden, Canada, the U.K. and Australia all in the top eleven. The next place on the list following the U.S., interestingly enough, was Chili.
      • 9 Years Ago
      If it is unfair for the Japanese to sell automobiles in the US with favorable profit margins, Ford and GM should immediately cease to sell cars in the U.K. After all, they're selling $30,000 Focuses and $60,000 Grand Cherokees over there!
      • 9 Years Ago
      then i will suck yours because i live in rainbow land.
      • 9 Years Ago
      That's competition for ya. If the Japanese can sell cheaper, it means that they have a better manufacturing process, or are just downright more competent. If Detroit can't keep up with Japan, then it's time for some introspective looking, NOT for World War 3. So please don't get Bush involved.

      And exchange rates have nothing to do with it. If the issue depended solely on exchange rates, then everything Japan has to IMport would break their economical balance, since their currency would have to be so weak.
      • 9 Years Ago
      Typical whining from loser US auto execs. The "trade deficit" was a sham back in the 80s and 90s (tariffs went both ways), and since they've lost that pathetic battle now they're bringing up currency.

      The top selling cars in the US are Toyota Camry and Honda Accord, both made in the US. Whoops. How do you account for that one LaSorda? Maybe the $3 grand comes from spiralling healthcare costs and less efficient factory processes? But you know, that'd require the execs to get off their lazy butts and actually do something. The big 2.5 have been so used to their cushy monopoly for decades that they've lost the ability to work as a competitive business. Instead, they've lowered themselves to whine that somehow their billion dollar companies have become the pity-party underdog.

      I'm sure the "weak" yen is 100% due to cars, because the strength of currency is only dependent on one industry, you know. Has nothing to do with exports, nosiree.
      • 9 Years Ago
      no, it's not all about cars. we have lost the steel industry, furniture, clothing, shoes, tv's, stereos, toys, computers, and the list goes on and on and on. all because of an extremly unfair trade imbalance on all segments of imports. the tarriffs on goods from the us to asia is so high, we will never recover. only when we get a president that cares about the working man in the us, and not about making his good old boy network filthy rich, will we maybe see a turnaround.
      • 9 Years Ago
      Deal with it, it's a global market now. Stop whining and make better cars you stupid ass Larsodork! G.W. Bush is not going to do Sh&t but tell u to F off lol.
      • 9 Years Ago
      Rene, if the yen is so favorable, then setting up assembly plants in the US would NOT make sense. And the higher the North American content in a a Japanese car, the less impact the exchange rate has.

      For decades after WWII the yen was fixed at 360 to the dollar. At some point in the 1970s it was allowed to float, and the long-term trend has been for it to gain ground against the dollar. Recently it's under 120 to the dollar, three times as strong as it used to be.

      Somehow the Japanese manufacturers have adjusted to a 200% appreciation in their currency. And the European manufacturers have adjusted to a 50% appreciation in the Euro over a much shorter three-year period.

      Yet Detroit likes to whine that the dollar, pathetically weak as it has been in these last few years of massive federal deficits, is always stronger than they'd like it to be. The yen is always 15-20% weaker than they think it should be.
      • 9 Years Ago
      Why not just make desireable cars
      • 9 Years Ago
      threads gone to hell.....

      fvck yeah
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