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MAR 26, 2013 - MarketWatch

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Ford CEO says he's worried about depreciating yen

MADRID (MarketWatch) -- Ford Motor Co's. chief executive officer Alan Mulally said in an interview on Tuesday that he is worried about a weaker Japanese yen that is boosting competitiveness of automakers in that country. "The most important thing that most countries around the world believe in is letting the markets determine the currency," he told Bloomberg News. With regards to Europe, Mulally said the company is cutting back on production to meet "real demand" due to the economic downturn in the region. The CEO said China is a "tremendous market," and told reporters Asia will likely ... Read More

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