The big three automakers from Detroit, Ford Motor Co. (NYSE:F), General Motors Co. (NYSE:GM) and Stellantis N.V. (NYSE:STLA) have reportedly accused the European Union of intentionally blocking sales of pickup trucks in the bloc.
F-150, Silverado, RAM 1500 Affected
The automakers said that changes to the EU’s Individual Vehicle Approval scheme, which allows limited imports under less stringent standards, could shut out U.S. automakers’ large trucks like the Ford F-150 Pickup truck, Chevrolet Silverado and the RAM 1500 from the market, FT reported on Wednesday.
The trade bloc is looking to change some rules of the scheme, which would be implemented next year. U.S. automakers say the changes would negatively impact sales of their products despite the tariff agreement …
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