Overview
- The report says the industry risks “disappearance” and warns of a “crash” if no action is taken, underscoring the sector’s fragility after years of offshoring.
- Recommended steps include an 80% local-content requirement for vehicles sold in Europe, at least 40% locally produced batteries by 2035, and a postponement of the EU’s 2035 combustion-car sales cutoff.
- The senators urge directing public support toward producing small, affordable electric cars to ease the cost burden on consumers and manufacturers.
- Stellantis has paused production for several days at plants in Poissy, Sochaux and Mulhouse to match a weak European market, while unveiling a $13 billion U.S. investment over four years.
- Renault says it is reflecting on possible adjustments after reports of 3,000 job cuts worldwide, with no decisions taken, as the sector—employing about 800,000 in France—faces a post‑Covid sales drop near 20% and intensified non‑European competition.