Growing demand for European industrial power is threatening the financial viability of automotive suppliers, potentially leading to their exit from the sector.

In the heart of Europe's industrial landscape, the automotive sector is facing a significant challenge. According to recent reports, nearly 60% of suppliers are grappling with negative impacts from geopolitical instability, and an alarming 42% see no path to profitability this year.

Amidst this turmoil, the European Commission is taking steps to address these issues. The Commission's Industrial Action Plan for the Automotive Sector, for instance, is promoting innovation and aiming for technology neutrality. The plan seeks to revitalise the sector while ensuring it remains competitive in the global market.

The Council's conclusions on 20 March underlined the urgent need for a technology-neutral path forward in the automotive sector. This approach is crucial as Europe needs a smart industrial strategy that protects value creation at home without closing the doors to global cooperation.

One figure associated with these efforts is Benjamin Krieger. As the Secretary General, Krieger's role is not specified as to an organisation or industry. However, his association with our website suggests a connection to the ongoing discussions surrounding Europe's industrial future.

Maintaining the Utility Factor for PHEVs (Plug-in Hybrid Electric Vehicles) is a vital first step to protect high-value EU jobs. This measure, part of the Commission's broader strategy, is designed to support the shift towards low-carbon solutions while preserving Europe's industrial base.

Moreover, Europe needs to update its CO2 rules to match today's market and back all low-carbon solutions. This adjustment is essential to ensure the continent remains at the forefront of the global transition towards cleaner and more sustainable transportation.

Finally, it's worth noting that the European Commission is also launching initiatives like the "ReArm" program to revamp EU security policy. This program, along with the efforts to support the automotive sector, underscores the Commission's commitment to a comprehensive and forward-looking approach to Europe's industrial challenges.

As the automotive sector navigates these difficult times, the role of individuals like Benjamin Krieger and the initiatives of organisations like the European Commission will be crucial in shaping Europe's industrial future.