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VW, Stellantis Urge EU: Save Our Car Industry!
5 Feb
Summary
- European automakers seek EU protection against Chinese competition.
- Calls for CO2 bonuses to boost European-made vehicles.
- Manufacturers cite geopolitical shifts and affordability challenges.
Europe's leading car manufacturers, Volkswagen AG and Stellantis NV, are calling on the European Union to implement protective measures for the bloc's automotive sector. The CEOs of both companies emphasized the need for CO2 bonuses on vehicles manufactured within Europe to preserve local jobs and support the industry's transition to greener technologies.
This appeal comes as geopolitical rivalries intensify, impacting trade and industrial capabilities. The executives highlighted that while substantial investments are being made to establish an integrated European sector for technological sovereignty, consumers expect affordable electric vehicles. This creates a dilemma, as lower prices often necessitate importing less expensive batteries.
The European Commission's deliberations on new 'Made in Europe' rules, initially slated for January, have been postponed, indicating ongoing divisions within the EU regarding such protective measures.
