Read
- Sopranos star James Gandolfini dies in Italy
- Special Report: Syria's Islamists seize control as moderates dither
- End to Fed stimulus, China slowdown rattles swathe of world investments
- Arizona killer who asked for speedy execution found dead in cell
- UPDATE 2-Storm Barry heads for Mexico Gulf coast oil installations
Sponsored Links
Carmakers can't blame trade for their problems, EU says
BRUSSELS, July 18 |
BRUSSELS, July 18 (Reuters) - Europe's struggling carmakers must reform their industry and cannot place the blame for falling sales on European trade deals with fast-growing Asia, the EU's trade chief said on Wednesday.
"We have to sort this out independently of free-trade agreements," EU Trade Commissioner Karel De Gucht told a news briefing. "Let's not try to find a scapegoat somewhere," he said.
"We are trying to open markets for our industries and industries must make sure there is a demand for their products," De Gucht said. "That is a very fundamental rule in trade. If you look at the automotive sector, then you see why this is a fundamental truth." (Reporting by Robin Emmott; editing by Rex Merrifield)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints


Follow Reuters