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To be honest, I guess it would help the US automobile industry to be able to bring Euro models without or with minor changes. We all know that Euro and US regulations are different, but none of thos is really better. You Americans like to crash at higher speeds, but with less offset, we Europeans crash at lower speeds but with 40% offset. Thus the front bumper beans have to be designed differently. Of course both have their advantage, but I think a European car provides enough protection for American butts and vice versa.
The result of a regulation to accept cars that were mandated for each others system would be that Ford could also offer the Fusion or the Flex here in Europe. Maybe with a different choice of engines (the 2.2l I4 diesel for example). And of course those vehicles won't be top sellers, but they'd be nice niche cars and good for the brands image.