Thursday, February 29, 2024

They are asking for help from Europe so that the automotive sector can compete with China or the US

The president of the FaCyL cluster, Félix Cano, and the deputy minister of economy and competitiveness of the Government of Castilla y León, Carlos Martín Tobalina, agreed this Friday to say that European help is needed to compete with other markets in the automotive sector, as in the case of China and the United States.

“We compete with other countries subject to other criteria; the United States directly finances and subsidizes the installation of new industrial capacities; and above all, China, which plays by other rules or other costs, and Europe should be able to directly propose investment aid for manufacturers that allows them to maintain industrial capacity,” Cano told reporters after the opening of the conference “Challenges of the Future for the Automotive Industry in Castilla y León.

Cano added that the world is going through bad conditions because “there is a war in Ukraine, we now have another in the Middle East, and we are coming out of the pandemic crisis, which hurts the pockets, and, in addition, inflation and uncertainty have caused the retreat.

Cano described the Moves Plan as a failure because “the funds reserved are not being used well, and we are also behind in placing stations where clean or electric vehicles can be recharged, and, therefore, people are holding back.”

For its part, Tobalina emphasized that the automotive sector of Castilla y León represents a quarter of the industrial wealth of the Autonomous Community and is the reference sector “at the level of activity generation, together with the agri-food sector. ”

He emphasized that “we are a clear industrial region and that this allows, among other things, our exports to continue to lead the growth of exports at the national level.”

Finally, he specified that it is also a fundamental sector for everyone in Europe, and it is important for Europe to think about “what it wants when it grows up.”

“There are other continents, other big markets that have a very strong attitude, that have passed us and overtaken what is leading the automotive sector worldwide, and it is time for Europe to support the competitiveness of help. ,” he said.

The Automotive and Mobility Cluster of Castilla León, FaCyL, held this Friday the first session of the Think Tank ‘Challenges of the Future of the Automotive Industry in Castilla y León’ where the impact they will create in the sector is discussed. regulations in the field of emissions.

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news