Published by Global Banking & Finance Review®
Posted on December 20, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleStellantis CEO warns EU's new auto package risks investments, lacking urgent growth measures. Automakers are divided over the 2035 combustion-engine ban.
MILAN, Dec 20 (Reuters) - The new package of measures for the auto industry proposed earlier this week by the European Union puts at risk manufacturers' investments in the region, Stellantis CEO Antonio Filosa told the Financial Times in an interview on Saturday.
The European Commission unveiled a plan on Tuesday which includes dropping the EU's effective ban on new combustion-engine cars from 2035, a move that has left automakers divided.
"There are none of the urgent measures needed to return the European automotive sector to growth," Filosa told the FT.
"Without growth, it becomes very difficult to think about investing more," he added.
Filosa said that without additional investments, it was difficult to build the resilient supply chain that is vital for European jobs, European prosperity and European security.
In an official statement published after the EU proposals, Stellantis said the EU proposals failed to address key challenges, including a roadmap for light commercial vehicles and flexibility on 2030 targets for passenger cars.
(Reporitng by Giulio Piovaccari, writing by Sara Rossi, editing by Kirsten Donovan)
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.
Investment refers to the allocation of resources, usually money, in order to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.
The automotive industry encompasses all companies and activities involved in the design, development, manufacturing, marketing, and selling of motor vehicles.
Sustainability refers to the ability to maintain or improve certain essential processes or systems without depleting resources, ensuring that future generations can meet their needs.
A resilient supply chain is one that can adapt to disruptions and continue to operate effectively, ensuring the flow of goods and services even in challenging circumstances.
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