| Author (Corporate) | European Commission: DG Communication |
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| Series Title | Press Release |
| Series Details | IP/12/572 (06.06.12) |
| Publication Date | 06/06/2012 |
| Content Type | News |
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On the occasion of the presentation of the CARS 21 report, the European Commission has announced concrete actions to be taken in reaction to the current economic situation. Recognising the strategic importance of the automotive industry for prosperity in Europe (12 million jobs, € 92 bn trade balance, € 30 bn investment in R&D) an Action Plan will list measures to help the sector. Planned actions concern: 1) providing EU financing for research, in particular to help the sector adapt to the technologies of tomorrow, and reinforcing EIB lending to industry 2) managing the sector's costs by applying the principles of smart regulation and 3) supporting the internationalisation of EU industry by improving market access through trade negotiations and work on regulatory and procedural convergence with the ultimate aim of achieving a worldwide car type approval. This would mean that any car produced in the world can be marketed in every country of the world. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/572&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
