Toyota warns of EU ‘isolation’ if Made in Europe barriers remain

Toyota has warned that the European Union faces “isolation” and risks losing investment if it goes through with its proposed ‘Made in Europe’ rules.

The remarks came from Toyota Europe CEO Yoshihiro Nakata, who said the EU risks sabotaging the international ties that have long strengthened its automotive industry through the proposals listed in the Industrial Accelerator Act (IAA). His comments mark a rare broadside from Toyota against the bloc’s increased protectionism.