Currently reading: Incoming BMW CEO: Protectionism risks EU 'falling behind'

Industrial Accelerator Act and Made in Europe rules aim to protect European car makers from cheaper Chinese rivals

The EU “must be careful not to fall behind” other global markets by imposing protectionist policies, incoming BMW Group CEO Milan Nedeljković has warned.

The bloc has proposed the Industrial Accelerator Act – which contains new 'Made in Europe' rules – in an effort to protect European car makers and suppliers from the influx of cheaper Chinese-made rivals.

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