Ford pushes for euro in Britain - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
ยป Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 06-06-2003, 06:59   #1 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
Ford pushes for euro in Britain

Reuters / June 06, 2003

COVENTRY, England -- Ford Motor Co., the world's second-largest automaker, said on Friday it was essential that Britain adopt Europe's single currency to create the stability needed for investment.

"We really need to get into the euro. It is a strategic imperative for this country to move into the euro zone," Ford COO Nick Scheele told reporters.

"The lack of predictability and stability is an inhibitor to future investments. So I look forward on Monday to a positive indication as to the strategic direction of this country."

The U.K. government is expected to announce on Monday it is not ready to adopt the euro. It will indicate when, if at all, it might be prepared to hold a referendum on the issue.

Ford Europe President Martin Leach told Reuters two weeks ago that the company assumed the country would join the euro sometime between 2004 and 2006.

Ford sells one-quarter of its European vehicles to the United Kingdom.

Rival U.S. automaker General Motors said last month that British adoption of Europe's single currency would remove some uncertainty for business but was not "a do-or-die issue" for making investments.

Other automakers Toyota Motor Corp. and Nissan Motor Co. of Japan, and France's PSA Peugeot Citroen have all urged Britain to join the European single currency.

Scheele was speaking at the launch of a V6 common-rail diesel engine developed with PSA Peugeot Citroen at Ford's Jaguar luxury car engineering center in the English midlands city of Coventry.
__________________
Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 06-06-2003, 08:11   #2 (permalink)
Registered User
 
Join Date: Dec 2002
Location: Il.
Posts: 52
Boy, I wish I had any confidence that Britain's accepting the Euro would be a good thing in the long run. To me it only looks like a British surrender to the cheese monkeys. Citizens of the United Kingdom ought to smarten up and apply for American statehood: Ireland becomes two separate states, Scotland another, Wales another, and then England.
Paul Vincent is offline   Reply With Quote
Old 06-06-2003, 08:18   #3 (permalink)
***** Idiot....
 
LunaticSVT's Avatar
 
Join Date: Feb 2001
Location: The Sticks of Central TX
Posts: 10,561
If the Brits go the Euro we could effectively see the oil trade getting backed by the Euro. That would be a downfall for the US Dollar. Especially since oil is traded under the US dollar globally. Why do I think that the Oil would change to Euro? 1 of the 3 largest oil producing companies is based out of England. out of the member nations in Opec they are already with enough votes to make it Euro. The only thing stopping is the British Company not joining in.

As far as the comments of having them join in as a state. That is laughable. I personally would not want Ireland, Britan the Scots or any of the lot as a US state. But that in itself is another conversation.

This could be a bad thing of the Brits go the way of the Euro.
LunaticSVT is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ford family celebrates 100 years of cars Stacy94PGT Ford Worldwide News 0 06-10-2003 05:46
FORD TOUGH: The pressure's on for Bill Ford Jr. to finish first Stacy94PGT Ford Worldwide News 0 06-10-2003 04:52
'Henry had the dream' Stacy94PGT Ford Worldwide News 0 03-28-2003 05:58
A CENTURY OF VISION: Fords built city, changed the world Stacy94PGT Ford Worldwide News 0 03-12-2003 07:17
Ford Product-Led Transformation: 2003 RPO83 Trans | Driveline 0 07-22-2002 06:48

Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 04:46.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.