Why do you think Toyota had waited so long to move much of its manufacturing for European sales to Europe? 2. If the British pound were to join the European Monetary Union would the problem be resolved? How likely do you think this is? 3. If you were Mr. Shuhei, how would you categorize your problems and solutions? What was a short-term problem? What was a long-term problem? 4. What measures would you recommend Toyota Europe take to resolve the continuing operating losses?