Fabian Demicoli

European Car Industry update

 The Competitiveness Council adopted conclusions on the 5th of March aimed at strengthening the EU's efforts to tackle the crisis of the car industry crisis and support the sector. 

The car industry is a key sector of the European economy contributing to employment, innovation and competitiveness in Europe. The industry must strive to continue developing the skills of its workforces. The focus should be on investment in innovative and green technologies. Renewal of the car fleet should also be encouraged to boost demand for new, safer and environmentally friendlier vehicles.  The Commission and the European Investment Bank (EIB) have been invited to present proposals for supporting measures consistent with the principles of the internal market and the need to prevent distortion of competition. The Council lastly stressed the importance of avoiding protectionism and discriminatory measures in the global car market.

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