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

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
05:08a E D F : China General Nuclear says respects Britain's decision to review Hinkley project
05:05a AT&T : Says FCC Proposed E-rate Fine Off Base
05:05a CITRIX SYSTEMS : FSLogix Announces General Availability of FSLogix Office 365 Container for Citrix
05:05a NAPATECH A/S : Teams with Dell OEM to Keep Networks Secure and Compliant with New Packet Capture Solution
05:05a SONY : to sell battery business to Murata Group
05:03a BARNES & NOBLE : Lexington bookstores to host midnight release parties for new Harry Potter book
05:00a HAMPTON CREEK : Issues Voluntary Recall of Mixes Containing Native Forest Coconut Milk Powder Because of Possible Health Risk
04:52a ARCTIC CAT : stock sheds $10.6 million in second quarter
04:47a Data in focus as market struggles for direction
04:38a CENTENE : to include Wellbridge building in campus expansion
Latest news
Advertisement
Hot News 
-9.07%Pearson Trades in Line; Books Earnings Loss
2.08%SABMILLER : China Approves AB InBev Deal for SABMiller -- Update
3.33%Alphabet posts strong revenue on video market, stock surges
3.94%XEROX : Posts Higher-Than-Expected Profit
6.22%NEWELL BRANDS : Earnings Top Views
Most Read News
07:22p Guggenheim Investments Exchange Traded Funds Declare Monthly Distributions
06:03p No clean bill of health for EU banks in stress test
07:47p Deutsche Bank scrapes through European banks stress test
06:59p Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron
08:35pDJGOLDMAN SACHS : Subpoenaed by U.S. Agencies for Documents Related to 1MDB
Most recommended articles
11:08p E D F : China General Nuclear says respects Britain's decision to review Hinkley project
10:47p Data in focus as market struggles for direction
09:51p U.S. AUTHORITIES SUBPOENA GOLDMAN IN 1MDB PROBE : Wsj
09:20p WEEKLY TRADING FORECAST : Are the Dollar, Yen and Pound’s Trends Turning?
08:55p USD/JPY Downside Targets in Focus Ahead of U.S. Non-Farm Payrolls