EU tries to bolster car industry

The European Commission tabled on the 8 November 2012 the CARS 2020 Action Plan aimed at reinforcing the automobile industry's competitiveness and sustainability heading towards 2020.

The plan was the first concerted response to a worsening crisis that was hurting some of Europe's biggest companies and endangering tens of thousands of jobs.

Carmakers welcomed the plan’s long-term measures to support the sector but urged the EU to take 'real action' immediately and marshal its resources to help them as they embarked on deep restructurings.

European Commission; RAPID: Press Release, IP/12/1187: CARS 2020: for a strong, competitive and sustainable European car industry http://europa.eu/rapid/press-release_IP-12-1187_en.pdf

ESO: Background information: Car industry rattles on old Europe’s roads http://www.europeansources.info/record/car-industry-rattles-on-old-europes-roads/

ESO: Background information: No easy road for Europe’s carmakers http://www.europeansources.info/record/no-easy-road-for-europes-carmakers/

European Commission: DG Enterprise and Industry: Sectors: Automotive: Competitiveness and CARS21: Competitive Automotive Regulatory System for the 21st century http://ec.europa.eu/enterprise/sectors/automotive/competitiveness-cars21/cars21/index_en.htm

EurActiv, 08.11.12: EU to unveil multi-billion euro support scheme for auto sector http://www.euractiv.com/climate-environment/greens-rap-commission-report-lac-news-515908

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