EU’s Top Carmakers Unite to Push for ‘Made in Europe’ Plans

Volkswagen AG, Stellantis NV, and Renault SA announced their collaboration this week to advocate for "Made in Europe" initiatives. The European automotive giants aim to lobby for regulatory measures that would bolster domestic manufacturing and competitiveness against an influx of lower-priced vehicles originating from China. This alliance seeks to create a more favorable environment for European car production, addressing concerns about market share erosion due to the growing presence of Chinese automotive brands. The companies believe that coordinated action is necessary to safeguard the European automotive industry's future and its significant contribution to the region's economy. Specific proposals are expected to be presented to European Union policymakers in the coming months, focusing on areas such as supply chain resilience, fair competition, and support for innovation within the bloc. The initiative underscores a growing trend of European industries seeking protection and support in the face of intensified global competition, particularly from China's rapidly expanding manufacturing capabilities.