Reported 2 days ago
Valeo's CEO, Christophe Perillat, emphasized the necessity of establishing a minimum requirement for European content in vehicles sold within the EU to maintain competitiveness in the automotive sector. As the industry transitions to electric vehicles and faces competition from China, the European Commission is considering content mandates. Perillat argued that such measures would enhance European sovereignty while ensuring market viability and called for further discussions with EU leaders.
Source: YAHOO