Volkswagen, Stellantis and Renault Urge EU to Favor 60% of Output Made in Europe
Updated
Updated · Bloomberg · Jun 12
Volkswagen, Stellantis and Renault Urge EU to Favor 60% of Output Made in Europe
3 articles · Updated · Bloomberg · Jun 12
Summary
Friday proposals from Volkswagen, Stellantis and Renault asked EU policymakers for a clear, timely framework that favors vehicle production in Europe.
The three mass-market carmakers want rules that boost local sourcing of components, development and assembly as affordable Chinese vehicles gain ground in Europe.
Together accounting for 60% of EU vehicle output, the companies also proposed tweaks to Brussels' existing plans to better shield one of the bloc's key industries.