Sun, February 9, 2025
Sat, February 8, 2025
Fri, February 7, 2025
Thu, February 6, 2025
Wed, February 5, 2025
Tue, February 4, 2025
Mon, February 3, 2025
Sun, February 2, 2025
Sat, February 1, 2025
Fri, January 31, 2025
Thu, January 30, 2025
Wed, January 29, 2025
Tue, January 28, 2025
Mon, January 27, 2025

EU kicks off auto support plan as carmakers blast fines

  Copy link into your clipboard //automotive-transportation.news-articles.net/co .. -auto-support-plan-as-carmakers-blast-fines.html
  Print publication without navigation Published in Automotive and Transportation on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
European Commission chief Ursula von der Leyen hosted auto sector executives, unions and interest groups on Thursday to debate how to help EU car producers electrify their fleets and take on more advanced Chinese and U.
The European Union is actively working to maintain its automotive industry's competitiveness while addressing environmental concerns, as highlighted in a Reuters article from January 30, 2025. The EU has proposed new regulations aimed at reducing CO2 emissions from vehicles, which has led to a mixed response from car manufacturers. While some companies are investing in electric vehicle (EV) technology to comply with these regulations, others, particularly smaller manufacturers, are facing financial strain due to the costs associated with transitioning to EV production. These carmakers have criticized the EU's approach, arguing that the fines for non-compliance are too punitive and could lead to job losses and reduced market share. The EU, however, insists that these measures are crucial for meeting climate targets and fostering innovation in sustainable transport solutions. The debate continues as the automotive sector navigates the balance between economic viability and environmental responsibility.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/eu-seeks-preserve-auto-industry-carmakers-condemn-fines-2025-01-30/ ]