A body representing Europe’s motor manufacturers has called upon the continent’s Governments and policy makers to deliver on promises to help develop and stimulate growth in the industry.
The European Automobile Manufacturers’ Association (ACEA) represents the Europe-based car, van, truck, and bus manufacturers, with its board meeting at this week’s Paris Motor Show to discuss the state of the industry. The meeting coincided with the final day of the seventh round of European Union negotiations with the United States on the Transatlantic Trade and investment Partnership, which the ACEA supports.
ACEA figures show that the automobile industry is responsible for 6.6 per cent of European Union GDP, and contributes over 388.8bn Euros in tax contributions to the EU economy as well as supporting 12.7 million jobs.
“ACEA will be working constructively with Europe’s new policy makers to ensure that it can deliver on its pledges, and that it can keep the automotive industry running as Europe’s engine of growth and innovation while ensuring it can stay competitive globally”, said ACEA President Carlos Ghosn.
“We are looking forward to the creations of a more balanced and smarter regulatory environment in Europe which allows our companies to continue innovating under more cost effective conditions, thereby maintaining and further strengthening the technological leadership and standard-setting role our industry has traditionally played globally. More specifically we believe that stronger sector-focused strategies will be needed to support the Commission’s Jobs, Growth, and Investment package”.
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