MEPs address the ongoing crisis in the EU’s automotive industry, focusing on enhancing competitiveness and preventing potential plant closures. This discussion arises as the sector grapples with challenges stemming from the shift to low-carbon technologies, supply chain disruptions, heightened competition from Asia, and a decline in demand for electric vehicles. MEPs will engage with representatives from the Commission and the Hungarian Presidency to explore measures aimed at revitalizing the automotive sector.

The EU automotive industry, a historically significant sector employing 13.8 million people and contributing 8% of European manufacturing value, is currently at a pivotal moment. The transition towards electrification, with all new vehicles mandated to be zero emissions by 2035, alongside digitalization and global competition, necessitates a swift adaptation of business models. In 2023, while the EU produced 14.8 million vehicles, the industry faces the challenge of competing against emerging leaders like China. MEPs are expected to propose a resolution in a future session to address these urgent concerns and secure the future of this vital sector.

The crisis facing the EU’s automotive industry

EP Plenary session - Tackling the steel crisis: boosting competitive and sustainable European steel and maintaining quality jobs

EP Plenary session - The crisis facing the EU’s automotive industry, potential plant closures and the need to enhance competitiveness and maintain jobs in Europe

Martin SCHULZ EP President meets with CEOs of the European Steel Industry

Martin SCHULZ - EP President, Frank SCHULZ

Martin SCHULZ - EP President  meets with Frank SCHULZ - CEO Arcelor Mittal Germany

Closing statement Valdis DOMBROVSKIS, Executive Vice-President of the European Commission. MEPs address the ongoing crisis in the EU’s automotive industry, focusing on enhancing competitiveness and preventing potential plant closures. This discussion arises as the sector grapples with challenges stemming from the shift to low-carbon technologies, supply chain disruptions, heightened competition from Asia, and a decline in demand for electric vehicles. MEPs will engage with representatives from the Commission and the Hungarian Presidency to explore measures aimed at revitalizing the automotive sector.

The crisis facing the EU’s automotive industry, potential plant closures and the need to enhance competitiveness and maintain jobs in Europe: Closing statement Valdis DOMBROVSKIS, Executive Vice-President of the European Commission

Opening statements. MEPs address the ongoing crisis in the EU’s automotive industry, focusing on enhancing competitiveness and preventing potential plant closures. This discussion arises as the sector grapples with challenges stemming from the shift to low-carbon technologies, supply chain disruptions, heightened competition from Asia, and a decline in demand for electric vehicles. MEPs engage with representatives from the Commission and the Hungarian Presidency to explore measures aimed at revitalizing the automotive sector. This transcription is a result of an automatic process. Please check against delivery.

The crisis facing the EU’s automotive industry, potential plant closures and the need to enhance competitiveness and maintain jobs in Europe: Opening statement by Valdis DOMBROVSKIS, Executive Vice-President of the European Commission

Today, a wide range of key technologies across all industries, from chips to batteries, medical imaging to tanks, rely on the unique physical properties of some specific critical raw materials (CRMs). Demand for CRMs is projected to skyrocket in the coming years. The EU's ambition to become a climate-neutral economy by 2050, and its ability to sustain the green and digital transitions and achieve strategic autonomy, all rely heavily on reliable, secure and resilient access to CRMs. CRM supply chains are global, complex, and fragile, which makes them vulnerable to a wide range of risks, including those linked to geopolitical tensions. The supply of CRMs is often more concentrated than that of fossil fuels. Furthermore, the EU's reliance on imports of CRMs is extremely high, sometimes reaching 100 % (e.g. for rare earth elements – REEs). Restrictions: ©The material may not be edited and must be shown entirely.

EPRS - Critical raw materials

Statement by Cecilia MALMSTRÖM during the meeting of the EP Committee on International Trade on the new trade agreements, on the trade relationship with China, on the US new tariffs on steel and aluminium and on the negotiations with Chile.

Opening statement by Cecilia MALMSTRÖM, EC Member in charge of Trade at the INTA Committee

Emmanuel MACRON, French Minister for Economy, at the European Parliament, used the opportunity to exchange views with a group of MEP's&nbsp;concerning the steel crisis in Europe.

Emmanuel MACRON, French Minister for Economy at the EP: exchange views with a group of MEPs concerning the steel crisis in Europe

This infoclip illustrates the steel industry in Drulingen, France. Workers in a steel production workshop produce welded meshes in stock or special, coils and bars, formwork panels, armature cages, etc.

steel industry (T)

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