Domestic Automakers Lobby to Streamline US-EU Safety Regulations

Automakers are pressing U.S. and European governments to find common ground on safety regulations to save them hundreds of millions of dollars in development costs, Automotive News is reporting.
Automakers have to change dozens of components on their cars at a huge cost to comply with different safety standards. The article said to make a popular U.S. car in 2013 comply with European safety standards cost $42 million for the automaker.
Trade talks have been been ongoing for 10 months and lobbyists are hoping one government will adopt the standards of the other, instead of creating a separate system.

The story details the differences between U.S. and E.U. safety regulations, as small as a trunk release latch in the U.S that isn’t required in Europe, all the way up to small overlap front crash protection.
Despite the differences, both sets of safety regulations create equally safe cars and would boost EU-U.S. auto trade by 20 percent, the Peterson Institute for International Economics said in a study.
This isn’t the first call for harmonized regulations, Ford and Daimler have both asked for unified standards.
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