EU tries to bolster car industry

Author (Person) ,
Series Title
Series Details 8.11.12
Publication Date 08/11/2012
Content Type

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.

Related Links
European Commission; RAPID: Press Release, IP/12/1187: CARS 2020: for a strong, competitive and sustainable European car industry
ESO: Background information: Car industry rattles on old Europe’s roads
ESO: Background information: No easy road for Europe’s carmakers
European Commission: DG Enterprise and Industry: Sectors: Automotive: Competitiveness and CARS21: Competitive Automotive Regulatory System for the 21st century
EurActiv, 08.11.12: EU to unveil multi-billion euro support scheme for auto sector

Subject Categories
Countries / Regions