Press Release: CARS 21 Group calls for action to keep auto industry fit

The European vehicle industry has impressively recovered from a severe slump in the wake of financial crisis in 2008, in particular by profiting from growth on third markets. But the weakened business confidence risks to worsen the good performance of the car industry again. Moreover competition from Asia is likely to put more pressure on EU industry in the years to come. Therefore, the CARS 21 High Level Group adopted a first set of recommendations for the competitiveness and sustainable growth of the European automotive industry.

European Commission: Memo/11/862: CARS 21 High Level Group – Key messages from Interim Report http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/862&format=HTML&aged=0&language=EN&guiLanguage=en

ESO: Background Information: Website: CARS 21: Competitive Automotive Regulatory System for the 21st Century http://www.europeansources.info/record/website-cars-21-competitive-automotive-regulatory-system-for-the-21st-century/

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