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May 5, 2020

Auto sector outlines restart action plan

Europe's automotive industry is proposing a 25-point action plan to ensure a strong restart of the sector and the economy at large.

By Rhodri Morgan

Europe’s automotive industry is proposing a 25-point action plan to ensure a strong restart of the sector and the economy at large.

The plan is issued by the four associations representing the full automotive supply chain: from equipment and tyre suppliers, to vehicle manufacturers, dealers and workshops (ACEA, CECRA, CLEPA and ETRMA).

As part of the action plan, the sector calls for coordinated vehicle renewal schemes for all vehicle types and categories across the EU. The four associations claim this will boost private and business demand, support economic recovery across the board as well as accelerate the rejuvenation of the vehicle fleet on Europe’s roads.

Purchase and investment incentives should be based on similar criteria across Europe, drawing on both national and EU funding. Such schemes should be enhanced by scrapping premiums.

“Restarting the automotive sector will act as an engine of overall economic recovery because of the significant employment impact and immediate knock-on effect on other sectors,” said CLEPA secretary-general, Sigrid de Vries.

“Investment in people and R&D remains key as well. Europe needs a strong automotive ecosystem to stay competitive and push ahead with ambitious environmental, digital and road safety targets.”

For his part, ACEA director general, Eric-Mark Huitema added: “It is now crucial to bring the entire automotive value chain back into motion. We need a coordinated relaunch of industrial and retail activity, with maintained liquidity for businesses.

“Targeted measures will need to be taken to trigger demand and investment. Demand stimulus will boost the utilisation of our manufacturing capacity, safeguarding jobs and investments.”

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