Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

EPP Group : Car Industry: innovation boost necessary to maintain Europe's leading role in the sector. Amalia Sartori MEP

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2012 | 06:27pm CEST
Press Release 08/11/2012

"All European industry is going through an extremely difficult period. Furthermore, the perspectives are not so encouraging, especially in some key sectors such as the automotive and steel sectors. We therefore welcome the CARS 2020 Action Plan for the automotive industry adopted today by the European Commission as an important tool to boost the competitiveness of one of our most important manufacturing industries with a more than 700 billion Euro turnover", said Amalia Sartori MEP, Chairwoman of the Industry, Research and Energy Committee of the European Parliament.

"The Action Plan is focused on internal and external issues, with particular attention paid to innovation and investments needed in advanced technologies, to trade, harmonisation and internationalisation aspects and to the smart regulation we need to promote the recovery and re-launch of this crucial sector which provides over 12 million jobs. These four key actions will certainly be followed up in the Industry, Research and Energy Committee in the European Parliament. We have asked and pushed for this Action Plan and we want to see it implemented as soon as possible", she added.

The aim of CARS 2020 is to promote investment in advanced technologies and innovation for clean vehicles, improve market conditions and support the car industry in the global market. The Plan is expected to turn round the trend of decline in car sales in the EU which is forecast to be 8% this year, the fifth conscutive year of decline. The industry is the largest private investor in R&D with around 30 billion Euro in 2010.

"While implementing the measures indicated in the four pillars of the automotive plan, we have to continue working towards the creation of the necessary conditions to also support other sectors that are going through huge difficulties, such as the steel sector", concluded Mrs Sartori.

For further information:
Amalia Sartori MEP, Tel: +32-2-2845556
Katarzyna Klaus, EPP Group Press and Communications Service, Tel: +32-484-138359

Notes to Editors:
The EPP Group is by far the largest political group in the European Parliament with 270 Members and 3 Croatian Observer Members.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
07:29a SOLON EIENDOM ASA : Q1 2017 - All-time high sales
07:29a ONE MEDIA : announces FY2016/17 financial results
07:23a Swiss pharmacy group Zur Rose to hold EGM ahead of possible IPO
07:23a GOVERNMENT OF REPUBLIC OF ARMENIA : Armenian-German Economic Cooperation Development Prospects Discussed
07:21a TYTN HLDG : Adrian Tate lives past Soul Afrika - NewsDay Zimbabwe
07:17a DGAP-NEWS : Audited annual financial statements 2016 confirm preliminary results
07:16aDJNEWS HIGHLIGHTS : Top Global Markets News of the Day
07:16aDJNEWS HIGHLIGHTS : Top Company News of the Day
07:15a COMPANY ANNOUNCEMENT 04/2017 : Q1 Result 2017
07:13a FINANCIAL RESULTS FOR THE FISCAL YEAR ENDED MARCH 31, 2017 (PDF : 181kb)
Latest news
Advertisement
Hot News 
0.07%Greece, Italy tensions hit euro, Asian stocks, lift yen, gold
-0.40%NEWS HIGHLIGHTS : Top Energy News of the Day
Most Read News
12:32a Greece, Italy tensions hit euro, Asian stocks, lift yen, gold
01:06a RYANAIR : posts record annual profit, says fare cuts to continue
05/29 Singapore's central bank fines Credit Suisse, UOB over 1MDB-linked transactions
01:13a FINANCIAL RESULTS FOR THE FISCAL YEAR ENDED MARCH 31, 2017 (PDF : 181kb)
01:12a MOLECULAR PARTNERS AG : Molecular Partners Provides Additional Details on Clinical Studies of Proprietary Lead Oncology Asset MP0250
Most recommended articles
05/22 NOBLE : shares tumble after S&P ratings downgrade
01:06a RYANAIR : posts record annual profit, says fare cuts to continue
12:43a Singapore's central bank fines Credit Suisse, UOB over 1MDB-linked transactions
12:38a Dollar firms against sterling, euro amid political uncertainties
12:35a Greece, Italy tensions hit euro, Asian stocks, lift yen, gold