Business Leader

The ability for industry and their associated service companies to sell their products and profit in Europe and the world forms the necessary basis for further investment, innovation, tax revenues and employment in Europe. The EU needs to maintain a world-class car industry, producing the safest, smartest and most sustainable vehicles globally and providing high-skilled jobs to millions.

The European Commission’s new targets – to increase industry’s share of GDP to 20% by 2020, to reduce consumption of primary energy by 20% by 2020, to cut emissions up to 40% by 2030 – can only be achieved with the strong contribution of the automotive industry and its expertise in technologies.

World competitiveness is achieved through first-class technical leadership and disruptive technology solutions.

These solutions are made possible thanks to massive investment in R&I.

Facts & Figures on Automotive Competitiveness

75%

Each year European automotive suppliers make 75% of each of the 18 million vehicles produced

€600 billion

Total annual sales of more than €600 billion

80%

Automotive suppliers represent on average 80% of the added value of a vehicle