Europe Revitalizes Its Auto Industry
At a press conference in Brussels last month, a high-level group of EU, government, industry, NGO, and trade union leaders announced a ten-year plan to make the European automobile industry stay competitive. The group, called CARS 21, made commitments to achieve simpler regulations for carmakers, defend European manufacturers, enhance road safety, adopt Kyoto emission targets, and seek safer access to the Chinese market.
"CARS 21 is a new industrial policy in the EU," said Günter Verheugen, Vice-President of the European Commission for Enterprise and Industry. "We are not talking about subsidies or protectionism. We are trying to improve the framework of the industry so that it can be successful, can create jobs… can build cars for the future."
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