European Carmakers Adjust Parts Strategy Amid Japanese Crisis

European Carmakers Adjust Parts Strategy Amid Japanese Crisis

The Earthquake disaster in Japan may prompt European car makers to seek suppliers closer to them, the chief of Europe’s automobile association said.

Ivan Hodac, secretary general of the European Automobile Manufacturers Association, said that some car makers are still being affected by the disaster that caused several Japanese auto manufacturers to suspend operations. Hodac also stated this disaster affected many automakers outside of Japan.

Hodac also added that European auto makers want suppliers to be much closer, ostensibly to prevent any future production disruptions. The issue of a possible free trade agreement between the European Union and Japan, Hodac expressed fears that such it would provide a “one-sided advantage” for Japan. Hodac would prefer an agreement based on a level playing field instead.

[Source: Just Autos]

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