| Author (Person) | Reed, John |
|---|---|
| Series Title | Financial Times |
| Series Details | 5.6.12 |
| Publication Date | 05/06/2012 |
| Content Type | News |
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As part of the European Commission's modern industrial policy, the CARS 21 (Competitive Automotive Regulatory System for the 21st century) process, which was initially launched in 2005, aimed to make recommendations for the short-, medium-, and long-term public policy and regulatory framework of the European automotive industry. This framework aimed to enhance global competitiveness and employment, while sustaining further progress in safety and environmental performance at a price affordable to the consumer. On 6 June 2012, the members of the CARS 21 High Level Group met for their final meeting. They adopted their Final Report, thereby setting an industrial policy strategy for the automotive sector towards 2020. This took place in the context of consumer confidence waning and demand for cars falling. Europe’s mass-market auto industry was in a worsening crisis that mirrored the teetering state of the continent’s finances. |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
