European automakers fight proposed EU-Japan trade deal

|By:, SA News Editor

European automakers (VLKAY, BAMXY, PEUGF, DDAIF, RNSDF) think a proposed trade deal between the EU and Japan gives too many advantages to Japanese automakers (NSANY, TM, HMC, MZDAY, SZKMY, FUJHY, MMTOF)

Trade deals in the past have given the group from Japan leverage to significantly boost imports to Europe. This time around the European companies want to rework the terms up front.

"If we’re now talking about opening up import duties for Japan, put a helmet on," said Fiat CEO Sergio Marchionne said earlier this year on the issue.