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Europe’s Car Industry Faces Potential ‘Irreversible Decline,’ Stellantis Chairman Warns
Europe’s Car Industry Faces Potential ‘Irreversible Decline,’ Stellantis Chairman Warns
BTCCSquare news:
John Elkann, Chairman of Stellantis (STLA), issued a stark warning at the launch of Fiat’s new hybrid 500 in Turin: Europe’s automotive sector risks irreversible decline without regulatory flexibility. The industry has submitted proposals to the European Commission urging delayed emissions targets and extended lifelines for transitional technologies like plug-in hybrids.
The Commission’s December 10 policy review looms as a pivotal moment. Stellantis and peers seek to balance environmental mandates with industrial survival, proposing phased carbon reduction timelines and alternative fuel allowances beyond 2035. "This isn’t about resisting change," Elkann’s stance implies, "but preventing collapse during transition."
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