Ford CEO talks trade on Capitol Hill

Ford (F -0.8%) CEO Mark Field urged Congressmen today to take a harder line on currency manipulation as they negotiate over the Trans-Pacific Partnership trade agreement.

For the most part, prior trade deals with Japan have left holes that industry execs maintain have been exploited to make auto exports to the U.S. cheaper.

GM CEO Mary Barra has made similar statements in DC, although GM's massive recall headache has kept its focus elsewhere lately.

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Comments (4)
  • Engineer&Far
    , contributor
    Comments (168) | Send Message
    Tit for Tat trade policy, it's the only way. When Korea's government audits every buyer of an American car, we do the same to buyers of Korean cars - until they stop. How about we individually inspect (for safety of course) every Japanese car coming off the boat for say $10,000??? (like Japan does to our autos). We are losing our manufacturing base by being played for stupid Americans by our 'friends' in the World.
    30 Jul 2014, 03:07 PM Reply Like
  • jsiracusejr
    , contributor
    Comments (64) | Send Message
    American car companies are not looking for an upper hand just a level playing field, but it's too much to expect anyone in Washington to do anything about it, they are all a bunch of losers only interested in their reelection and making the millions of dollars they make.
    30 Jul 2014, 03:55 PM Reply Like
  • starcorral
    , contributor
    Comments (1743) | Send Message
    In Japan a car with a scratch or dent is not "driveable" until it is perfect. Cars have to be retired at a certain age or mileage. They have a standard which is quite foreign to us. A fix is doable, but not with our Keystone cop Congress. Ford is waisting their time. Japan just isn't big enough a market to worry about; neither is S. Korea.
    30 Jul 2014, 05:45 PM Reply Like
  • Tdot
    , contributor
    Comments (9185) | Send Message
    Japan's domestic auto market is about 5 million units annually, which services a population of 127 million. They also export about the same number. Certainly it is smaller than the US (16M), Europe (14M), and China (20M), but it is still a pretty big market where US automakers would love to participate. As an example, Ford's new Mustang that would sell for around $30k in the US is expected to sell in China for the equivalent of around $100k. Of course taxes and import fees are a big chunk of that, but it presents an opportunity for Ford. But Mustang could probably sell for the same or even more in Japan and Korea if that was an option - they currently go for more on the "grey market", although those are typically "private" sales through special dealership arrangements.
    30 Jul 2014, 06:48 PM Reply Like
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