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    Home > Finance > EU could announce package to support auto industry on December 16, industry source says
    Finance

    EU could announce package to support auto industry on December 16, industry source says

    Published by Global Banking & Finance Review®

    Posted on December 8, 2025

    1 min read

    Last updated: January 20, 2026

    EU could announce package to support auto industry on December 16, industry source says - Finance news and analysis from Global Banking & Finance Review
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    Tags:Automotive industryEuropean Commissionsustainabilityfinancial communityeconomic growth

    Quick Summary

    The EU may announce a support package for the automotive sector on Dec 16, potentially altering the 2035 combustion engine phase-out, though the date is not confirmed.

    EU Could Reveal Auto Industry Support Package on Dec 16

    FRANKFURT, Dec 7 (Reuters) - The European Commission could announce a package to support the local automotive sector, including a possible watered down version of its 2035 combustion engine phase-out, on December 16, an industry source briefed on the matter said.

    Brussels is so far planning to announce the package on December 10, but EU transport commissioner Apostolos Tzitzikostas said earlier this week that the package could be delayed until January.

    The source said that December 16 was a target but could still change.

    A spokesperson for the European Commission declined to comment on the new date, which was first reported by Germany's Tagesspiegel Background.

    (Reporting by Christoph Steitz; Additional reporting by Lili Bayer; Editing by Kirsti Knolle, Elaine Hardcastle)

    Key Takeaways

    • •The EU might announce a support package for the auto industry.
    • •The package could include changes to the 2035 engine phase-out.
    • •The announcement date is tentatively set for December 16.
    • •Delays could push the announcement to January.
    • •The European Commission has not confirmed the new date.

    Frequently Asked Questions about EU could announce package to support auto industry on December 16, industry source says

    1What is the European Commission?

    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.

    2What is sustainability in the automotive industry?

    Sustainability in the automotive industry refers to practices that reduce environmental impact, such as producing electric vehicles and implementing eco-friendly manufacturing processes.

    3What is economic growth?

    Economic growth is an increase in the production of goods and services in an economy over a period of time, typically measured by GDP.

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