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 CET
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
09:42a LG ELECTRONICS : Patent Issued for Electronic Device and Control Method (USPTO 9571625)
09:42a BIOCEPT : Appoints Michael Terry Senior Vice President Commercial Operations
09:42a HAINAN AIRLINES : Kaligo Travel Solutions and Fortune Wings Club Launch New Online Car Rental Redemption Platform
09:41a Mylan's Trademark Application for "TRIBVIT" Filed
09:41a ROYAL BANK OF SCOTLAND : RBS Loss Triples In 2016 And Capital Drops But Sees 2018 Profit
09:40a WISTRON : Patent Issued for Multi-Touch System and Method for Processing Multi-Touch Signal (USPTO 9569036)
09:40a IXIA : Patent Issued for Methods and Apparatuses for Abstracting Filters in a Network Visibility Infrastructure (USPTO 9571296)
09:39a Research from GlaxoSmithKline Reveals New Findings on Clinical Trials and Studies [Current practice and perspectives in CRO oversight based on a...
09:39a Data on Applied Materials & Interfaces Reported by Researchers at University of Leoben (Inkjet Printing of Soft, Stretchable Optical Waveguides...
09:39a INDUSTRIAL MULTI PROPERTY TRUST : Net Asset Value Up Over 2016
Latest news
Advertisement
Hot News 
-4.27%JUPITER FUND MANAGEMENT : profits buoyed by inflows, to pay special dividend
-4.00%RIGHTMOVE : Property website Rightmove full-year profit rises
-2.98%BASF : Profit Boosted by Chemicals Business
2.38%INTERNATIONAL CONSOLIDATED AIRLNS : British Airways owner IAG to buy back shares after solid results
3.13%WILLIAM HILL : full-year operating profit falls 10 percent
Most Read News
02:58a SAMSUNG ELECTRONICS : tightens donation rules; report says two group executives offer to quit
02/23 Exclusive - Trump says Republican border tax could boost U.S. jobs
02/23 Safran rejects TCI Fund Management's criticism of Zodiac Aero bid
12:06a TOSHIBA : says it is considering sale of majority stake in chip unit
02/23 ALPHABET : self-driving car unit sues Uber with trade theft charge
Most recommended articles
02/23DJVIVENDI : Full-Year Earnings Beat Estimates
03:35a ROYAL BANK OF SCOTLAND : RBS posts ninth straight annual loss on 'sins of the past'
03:34a European shares weighed down by BASF fall, but set for weekly gain
03:18a IMI : Engineering firm IMI sees drop in 2017 first-half organic revenue
03:18aDJNATIONAL GRID : UK Energy Regulator Cuts National Grid's Spending Allowance by GBP185 Million