EU Automotive Sector: 5 Powerful Industry Demands
16 Articles
16 Articles
Whether it is because of the oil crisis or the climate disruption, the European states favour forced march and the purchase of electric cars, but for the moment it is mainly the Chinese manufacturers who benefit from it. Brussels has therefore proposed a label to the major European brands that are in line, provided that 70% of the components made in Europe are imposed. Moreover, they are asking for more aid for their factories in order to counte…
Car manufacturers Renault, Stellantis, and Volkswagen are asking the European Commission for more clarity regarding the objectives of the ‘Made in Europe’ plan. The three companies, together accounting for over 60 percent of EU car production, are calling for a clear framework that rewards manufacturers keeping production and vehicle development in Europe. This is reported by the Financial Times.
Volkswagen, Renault and Stellantis, three of the main European car groups, have jointly demanded this Friday that Brussels clearly specify what it considers to be made in Europe. In a statement published by Financial Times, the three giants, which bring together 60% of vehicle production in the European Union, have had an impact on the importance of having a “simplified, realistic and solid” definition that serves as a strategic tool to strength…
The three car groups are publishing this Friday a text affirming their support for the industrial accelerator, presented by Brussels in March in order to support industrial sovereignty, but at the same time require several flexibilities, at the risk of reducing its scope.
The three houses ask Brussels for simple rules and strong measures. The proposal sent to the MEPs: 70% of the machines sold in Europe with 70% of content made in the 27 countries. The three groups: "We can remain a global automotive power"
The desire to produce locally in the automotive industry is a key issue for the survival of the market and traditional manufacturers. The goal: to be able to fight against the massive arrival of Chinese brands. The 'Made in Europe' could see some simplified rules. Keeping an industrial base in Europe European car production counts, for about 60%, around manufacturers such as Volkswagen, Stellantis and Renault. These three groups have alerted the…
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