Luca de Meo believes European automakers are burdened by regulation, while Chinese and American automakers are supported by tax breaks and investments
Europeans are heading to the polls this summer to elect their representatives in the European Parliament, and Renault CEO Luca de Meo has penned an open letter to the continent. In it, he outlines the challenges the automotive industry faces and advocates for the direction he believes policy should take. The seasoned auto executive who is also the president of the European Automobile Manufacturers' Association writes that the automotive industry is facing a unique challenge.
Second, he wants automakers to meet with scientists, unions, and NGOs to develop this strategy, which will support the industry in the same he says China supported its automakers, battery makers, and other connected companies. Third, he wants to set up a new body that essentially regulates regulations, to slow the roll-out of new rules facing automakers.
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