Brussels neutral on carmaker overcapacity / Eurozone carmakers face downsize failure

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Series Details 5.6.12
Publication Date 05/06/2012
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As part of the European Commission's modern industrial policy, the CARS 21 (Competitive Automotive Regulatory System for the 21st century) process, which was initially launched in 2005, aimed to make recommendations for the short-, medium-, and long-term public policy and regulatory framework of the European automotive industry. This framework aimed to enhance global competitiveness and employment, while sustaining further progress in safety and environmental performance at a price affordable to the consumer.

On 6 June 2012, the members of the CARS 21 High Level Group met for their final meeting. They adopted their Final Report, thereby setting an industrial policy strategy for the automotive sector towards 2020.

This took place in the context of consumer confidence waning and demand for cars falling. Europe’s mass-market auto industry was in a worsening crisis that mirrored the teetering state of the continent’s finances.

Related Links
ESO: Background information: Automobiles: On course for collision
ESO: Background information: UK carmakers buck downsizing trend
ESO: Background information: Peugeot backs call for EU common policy
ACEA: Press Release, 6.6.12: Vehicle makers urge EU to act upon CARS21 recommendations on strengthening the future of the auto industry in Europe
European Commission: RAPID: Press Release: IP/12/572: Vision 2020: Recommendations to help car industry reach new heights
European Commission: DG Enterprise and Industry: Sectors: Automotive: Competitiveness and CARS21: Competitive Automotive Regulatory System for the 21st century

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