Dave_Mc
Well-known member
JohnA said:stratman323 said:I'm far too stupid to understand exchange rates, but I would have thought that car sales, in particular, were a major part of the Japanese economy. But not all Japanese cars are made in Japan - I think it's Nissan who have a huge factory up near JohnA, & I think there are others too. Does this affect them? If not, they must be glad they have these other factories to rely on.
Yes it affects them in a big way!
If Nissan Sunderland was forecast to sell 1000 micra's a month at ?10,000 each that meant the parent company was rubbing hands waiting for 2300000 Yen each month, now they will be getting 1360000, so everyone in Sunderland will lose their jobs!!
on the flip side, though, the wages are going to cost them less- don't know much about economics, but i'd have thought that'd help the company rather than hurt it. After all, companies outsource to places where the wages are lower. but that might be moot if UK-built cars are only sold in the UK (i have no idea if they are or not).
i think the bigger problem is that no-one is buying any cars. :lol: