I want to thank all our colleagues for their dedicated and excellent work – and that includes not only the current staff but all those who have been serving here since 1987. And especially I want to thank Ms. Gudrun Moede for her excellent job in running the office and preparing today’s event.
The author intimated that the US auto industry was operating with a labour – income ratio of between 85% to 90%. In contrast, the Germans and Japanese auto makers were operating on labour – income ratio of 75% to 80%.