Stellantis Chief Executive Antonio Filosa has warned that a new package of measures proposed by the European Union for the automotive sector could put manufacturers’ investments in the region at risk, the Financial Times reported on Saturday.
The European Commission unveiled the proposals earlier this week, including a plan to drop the bloc’s effective ban on new combustion-engine cars from 2035. The move has divided automakers, with some welcoming greater flexibility and others expressing concern over regulatory uncertainty.
“There are none of the urgent measures needed to return the European automotive sector to growth,” Filosa told the Financial Times. “Without growth, it becomes very difficult to think about investing more,” he added.
Filosa said that without additional investment, it would be challenging to build a resilient supply chain, which he described as vital for European jobs, prosperity and security.
In a statement issued following the publication of the EU proposals, Stellantis said the measures failed to address several key challenges facing the industry. These include the absence of a clear roadmap for light commercial vehicles and a lack of flexibility around the bloc’s 2030 emissions targets for passenger cars.