European car manufacturers toast EC’s pledge of support
03/10/2014
ACEA President Carlos Ghosn said: “Europe’s automobile industry supports 12.7 million jobs, is responsible for €32.3 billion in annual R&D investment, and has a turnover of €843.4 billion – 6.6% of EU GDP. It contributes €95.1 billion in net exports and over €388.8 billion in tax contributions to the EU economy.”
“We are looking forward to the creation 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.”
ACEA’s board is made up of the CEOs of 15 Europe-based car, van, truck and bus manufacturers. Meeting on the final day of the seventh round of EU-US negotiations on the Transatlantic Trade and Investment Partnership (TTIP) agreement, the CEOs also reiterated their support for TTIP, calling for a comprehensive automotive deal, which includes the elimination of both tariffs and non-tariff barriers through regulatory convergence.
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