Due to the rising Yen, the big three Japanese auto makers are having diffiiculty here in America, Toyota reported the first operating loss in its entire history.
The president of Honda recently told the Japanese Prime Minister, that if something is not done soon regarding the exchange rates, that Honda would relocate in it's entirety to the United States, not just the factories but the corporate headquarters as well.
In affect, Honda would be become as American as Chevrolet or Ford!
I will keep everyone posted if I here more, this could potentionally mean a lot of jobs created.
TJ
|