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    Report: Nissan's Ghosn urges Japan's new PM to stabilize yen, patch things up with China
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    Shinzo Abe was sworn in as Japan's new prime minister – its seventh in six years – barely a week ago. To count him as the seventh PM is a bit disingenuous, in fact, since he was the prime minister in 2006 and 2007 but had to retire due to medical issues. His return came after a ...

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    Official: Ford developing way to make car parts from cash
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    Ford is looking to put a new twist on the term "old money." The automaker may add old, shredded, out-of-circulation U.S paper currency to its list of recyclable materials that may be used for cushions, insulation and other components. With about 10,000 pounds of paper money being shredded per ...

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    Report: Toyota urges suppliers to slash prices or be left behind
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    For years, Detroit automakers would argue that the Japanese yen was artificially devalued, and that the value of the currency was a big competitive advantage to the likes of Toyota and Honda. To erase this gap, The Detroit Three pressured suppliers to lower costs in any way possible, which caused ...

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    GM's Wagoner joins chorus blaming weak yen
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    General Motors CEO used the bully pulpit at GM's annual shareholders' meeting to repeat a complaint that has been made several times in the past few decades (and will likely will be heard many times again) - the Japanese government is artificially holding the value of the yen low relative to ...

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    Yen rate gives Japanese automakers unfair advantage, Chrysler's LaSorda says
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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 ...

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