-Caveat Lector- Euphorian spotted this on the Guardian Unlimited site and thought you should see it.
To see this story with its related links on the Guardian Unlimited site, go to http://www.guardian.co.uk Ford could ditch UK investment David Gow Tuesday October 22 2002 The Guardian The government came under renewed pressure yesterday when Ford's chief operating officer Nick Scheele warned that the world's second largest car group could be forced to stop investing in Britain if the introduction of the single currency is delayed much longer. He said Ford had invested heavily in Britain, particularly in its premier automotive business, which includes Jaguar and Land Rover, on the assumption that the UK would join the euro in 2004 and at a rate equivalent to DM2.60-DM2.75. "If we don't fix this you are going to see future investment decisions taking account of a different paradigm," he said at the Birmingham motor show. Ford's British operations, including loss-making Jaguar, export 80% of output but Mr Scheele said rivals in the euro-zone enjoyed a substantial cost advantage because of the single currency's 25% devaluation since launch. He won backing from Kevin Howe, chief executive of MG Rover, who said his group's sales in Europe were down this year because of the strength of sterling. His comments came after he launched the MS Xpower SV, a sports car capable of more than 200mph and costing at least £65,000. Copyright Guardian Newspapers Limited <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http://archive.jab.org/ctrl@;listserv.aol.com/ <A HREF="http://archive.jab.org/ctrl@;listserv.aol.com/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
