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Swedish-German group of experts plan to make cars cheaper

A Swedish-German government commission has been set up to look into ways of cutting the price of cars, Sweden's Trade Minister Sten Tolgfors said in an article Sunday for the Goteborgs Posten newspaper.

Creating a unified market could reduce the production cost per car by 5 to 7%, Tolgfors wrote. The different registration regulations in Europe and the US are a significant cost factor for both passenger cars and lorries, he wrote. As Sweden and Germany were „significant production countries,” they had a „profound common interest in (setting up) joint regulations with the Americans,” Tolgfors said. The Swedish-German group of experts had already started work and was expected to report its plans at a planned summit between the US and European Union at the end of Germany's EU presidency in June. (monstersandcritics.com)