Business & Finance
Stellantis and Renault urge UK inclusion in EU Made in Europe rules
The Guardian reports that Stellantis and Renault executives want the UK counted in EU protection rules as the EU confirms a cap on Chinese hybrid imports.
The short version
- Stellantis and Renault executives urge that the UK be counted among EU member states under proposed rules.[The Guardian]
- The proposed Industrial Accelerator Act would tie EV grants and public purchases to made-in-Europe content.[The Guardian]
- The EU confirmed a 350,000-car annual cap on Chinese hybrid electric vehicle imports, effective in December.[The Guardian]
- Manufacturers and politicians are still haggling over details, so the rules' final form is unknown.[The Guardian]
Key facts
- Stellantis and Renault executives backed including the UK car industry in proposed EU 'Made in Europe' rules under the Industrial Accelerator Act.[The Guardian]
- The executives spoke at the Paris motor show, which French president Emmanuel Macron attended on Monday.[The Guardian]
- Under the proposed Industrial Accelerator Act, cars would need to be made in Europe with enough European parts and materials to keep qualifying for EV grants and public purchases.[The Guardian]
- The EU confirmed it would limit hybrid electric vehicle imports from China to 350,000 cars a year, with the quota coming into force in December.[The Guardian]
- The executives urged the British government to consider limiting imports of Chinese cars.[The Guardian]
- The new rules aim to ensure EU subsidies and government procurement benefit Europe's industry rather than manufacturers from other countries.[The Guardian]
What remains uncertain
- The EU expects the quota will halve China's market share, which is a forecast rather than an observed outcome.[The Guardian]
- Whether the UK would be counted under the Made in Europe rules is unresolved; the inclusion is a position stated by the executives, not an adopted rule.[The Guardian]
- Automotive manufacturers and politicians are still haggling over the details, so the final form of the rules is unknown.[The Guardian]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Stellantis and Renault back UK to get EU car industry protectionThe Guardian - World