U.S. Automaker CEOs: Congress Should Address Skewed Japanese Yen

Chief Executive Officers of DaimlerChrysler USA,be impartially determined and not pre-determined by
Ford Motor Company and General Motors Corporationthe governments. He further said that China is the
inspirited the Congress a couple of days ago to tacklerecent focus, making Japan most troubled to the
the vital concern on the skewed and undervaluedautomotive industry. He added that the American
Japanese yen at a “Manufacturinggovernment needs to mandate the Japanese
Summit” conducted by the U.S. Senategovernment in order to allow the yen reach its true
Democratic Policy Conference on Capitol Hill.value again since its skewed yen is one of the
Alan Mulally, President and CEO of Ford Motorreasons of a large deficit in the auto sector with the
Company, said during the forum that through an openUnited States.
market, the values of the different currencies should