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    Home > Finance > EU to host auto sector talks to tackle waning competitiveness
    Finance

    EU to host auto sector talks to tackle waning competitiveness

    Published by Global Banking & Finance Review®

    Posted on January 20, 2025

    2 min read

    Last updated: January 27, 2026

    Image depicting EU officials and automakers engaged in discussions about competitiveness in the automotive sector, addressing challenges like job cuts and emissions regulations.
    Discussion on EU automotive sector competitiveness challenges - Global Banking & Finance Review
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    Tags:innovationEuropean CommissionAutomotive industrysustainabilityTransportation Sector

    Quick Summary

    The EU will hold talks to address the auto sector's competitiveness, focusing on innovation and regulatory challenges. Key discussions start Jan 30.

    EU to host auto sector talks to tackle waning competitiveness

    BRUSSELS (Reuters) - The European Commission will host European automakers, suppliers and trade unions for a first round of talks on Jan. 30 designed to produce EU plans to protect the struggling sector that is vital for the bloc's prosperity.

    Commission President Ursula von der Leyen told EU lawmakers late last year that she would start a "strategic dialogue" on the future of the car industry in Europe. 

    The Commission said on Monday it would hold the first dialogue to discuss the most critical challenges and potential solutions. Transport Commissioner Apostolos Tzitzikostas will take charge of developing an action plan.

    The bloc's carmakers, have been closing factories, and cutting jobs as they struggle to compete against Chinese rivals and are bracing for U.S. tariffs after U.S. President Donald Trump takes office.

    They are also balking at potential large EU fines if their fleets do not meet CO2 emission limits in 2025 or deals to avoid them that would benefit foreign electric vehicle producers.

    The dialogue is designed to help EU industry catch up in key technologies, such as batteries, software and autonomous driving, streamline regulation, ensure competitive input costs and guarantee a level international playing field. 

    The automotive industry employs over 13 million people and contributes about 7% to the EU economy.

    (Reporting by Philip Blenkinsop; Editing by Tomasz Janowski)

    Key Takeaways

    • •EU to host talks on auto sector competitiveness.
    • •Focus on challenges like CO2 limits and US tariffs.
    • •Action plan led by Transport Commissioner.
    • •Dialogue aims to boost technology and innovation.
    • •Automotive industry vital for EU economy.

    Frequently Asked Questions about EU to host auto sector talks to tackle waning competitiveness

    1What is the purpose of the EU's upcoming auto sector talks?

    The talks aim to produce EU plans to protect the struggling automotive industry and address its competitiveness challenges.

    2Who is leading the strategic dialogue on the automotive industry?

    Transport Commissioner Apostolos Tzitzikostas will take charge of developing the dialogue.

    3What challenges are European carmakers currently facing?

    Carmakers are closing factories and cutting jobs due to competition from Chinese rivals and potential U.S. tariffs.

    4How significant is the automotive industry to the EU economy?

    The automotive industry employs over 13 million people and contributes about 7% to the EU economy.

    5What key technologies are being focused on in the dialogue?

    The dialogue will focus on key technologies such as batteries, software, and autonomous driving.

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