(Hans Greimel – Automotive News)
With Japanese Prime Minister Shinzo Abe in Washington to meet President Barack Obama and address Congress last week, automakers were watching for signs of progress toward a controversial free-trade pact.
The U.S. carmakers, in particular, were watching nervously – and rightly so.
The Detroit 3 have little to gain by having Japan in the deal, even if the U.S. wins auto import concessions from Tokyo.
The U.S. is leading the push to create the so-called Trans-Pacific Partnership, a free-trade agreement among 12 Pacific Rim nations. But autos remain a stubborn sticking point between the group's anchor economies: the U.S. and Japan. Click here to read more.