Mexican Media Brands
Euro Sags to an 11-Year Low
The euro weakened sharply against the U.S. dollar over the weekend after Greece's likely new Prime Minister Alexis Tsipras vowed to renegotiate the country's debt.
#economics
Share
The euro weakened sharply against the U.S. dollar over the weekend after Greece's likely new Prime Minister Alexis Tsipras vowed to renegotiate the country's debt.
The euro was weakened by worries that Greece's financial moves could trigger a new recession in the eurozone. The currency fell to 1.11 to the dollar over the weekend.
The euro was hit late last week when the European Central Bank said it will launch a €1.1 trillion economic stimulus program to inject €60 billion per month into the regional economy at least through September 2016.
Analysts predict the euro will fluctuate, making the profit of exported eurozone vehicles uncertain, until Greece's new left-wing government clarifies its intentions.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.