France and Germany Reach Agreement on the Future of the Auto Industry

According to a draft document describing the agreement, France and Germany support further relaxing EU vehicle emissions rules. It is part of an automotive industry agreement reached after lengthy negotiations between the two sides. The two major European economies also agreed to include the United Kingdom in the definition of "Made in Europe" vehicles. This is part of the EU's effort to strengthen European industry, and the details are also reflected in the draft document describing the agreement. (Sina Finance)