The EU Commission is working on a rescue plan for the European car industry

The European Commission and the continent’s automotive industry will meet at the end of January for an emergency meeting, the topic of which will be the future of the European automotive industry. The purpose is to draw up a rescue plan to ensure the future of Europe’s central industry.

In addition to the actual car manufacturers, representatives of the subcontracting chain and industry trade associations have also been invited to the broad-based meeting. The Commission reported on the extraordinary move on Monday, news agency Reuters tells.

The meeting will discuss the threats faced by the continent’s automotive industry and possible solutions. The EU commissioner responsible for sustainable transport and tourism will be responsible for drawing up the action plan Apostolos Tzitzikostas.

The discussions consider how the continent’s automotive industry would catch up with the competitors’ head start, which was born out of advanced technologies. These include battery technology, autonomous driving and various software.

A dark cycle

Answers are sought, for example, about streamlining production and more competitive production costs than before. Chairman of the Commission Ursula von der Leyen has previously announced that the Commission will start a strategic dialogue with the continent’s automotive industry.

The European car industry has drifted into a dark spiral in recent years. After the end of Russia’s cheap energy, car manufacturers have struggled under the pressure of ever-increasing production costs.

Car factories have been closed, the workforce has been laid off, while inflation has ravaged the continent’s car market. The unpredictability brought to the market by Chinese car manufacturers brings its own spice, and that’s not all.

Tullirumbak also worries

How the president who took office is its own chapter Donald Trump’s the possible customs rumba of the second season will hit European car manufacturers. In turn, the European car manufacturers’ advocacy organization ACEA has proposed to the Commission the abolition of emission fines.

According to the automotive industry, potential fines of billions would be removed from the product development of electric cars. The automotive industry employs 13 million Europeans and takes a seven percent slice of the EU economy.