Car Industry: EU support to fight the crisis
25 February 2009
The automotive sector with its 12 million jobs depending on this
strategic industry has been hit particularly hard by the current
economic crisis with new registrations down by 20% and gloomy
expectations for 2009. Due to its close links to other sectors and
the wide spread of supply industry and vehicle trade, the negative
economic effects reaches out to millions of employees in all Member
States.
In its communication, the European Commission defends a
proactive stance to support industry in their efforts to withstand
the crisis, soften negative effects and ensure long-term
competitiveness. Building on the European Economic Recovery Plan of
2008, it sets various measures to improve access to credit, to
clarify the rules for granting state aid in the particular
circumstances, to boost the demand for new vehicles through
coordinated national action, to minimise social costs and retain
the skilled workforce and to defend fair competition in open
markets.
The Commission suggests a new partnership with industry, trade
unions and Member States in the context of the CARS 21 process to
accompany the common crisis response....
Want to read the article in full?
http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/318&format=HTML&aged=0&language=EN&guiLanguage=en
CARS 21 = Competitive Automotive
regulatory System for the 21st Century
Email to a friend
Want to share this story? These sites allow you to tag and share links across the internet enabling you to share these links with friends and people with similar interests. You can also access your links from any computer you happen to be using.
