Source: European Parliament
The Industrial Action Plan for the European automotive sector recognises the challenges of an increasingly volatile geopolitical context and their potential impact on the EU automotive sector.
Therefore, the Commission has committed on decisive actions to help secure global competitiveness of the EU automotive value chain and maintain a strong European production base.
In line with the Automotive Action Plan, the Commission has proposed already an amendment to the European Globalisation Adjustment Fund for Displaced Workers Regulation[1], which will extend the support to workers in companies in restructuring processes.
In addition, the mid-term review of the European Social Fund Plus (ESF+)[2] will be used to incentivise Member States to reprogramme more money for the automotive sector.
Trade with the United States represents a source of prosperity and well-paying and quality jobs for the EU automotive value chain. The Commission is assessing the impact of the United States tariffs on EU automotive exports and will also monitor the indirect effects.
The Commission will continue to seek a negotiated and constructive solution with the United States, while being ready to protect European interests.