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Europe’s top carmakers urge simple ‘Made in Europe’ rules
Business World Philippines
|June 16, 2026
Automakers Volkswagen, Stellantis and Renault, which account for about 60% of Europe’s car output, are urging the European Union (EU) to adopt a simple “Made in Europe” rule and stronger incentives to boost local production.
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In a joint letter sent to European Parliament members, seen by Reuters, the three groups called for 70% of vehicles sold in the EU to source 70% of their value from within the 27-country bloc, covering the full value chain from engineering to manufacturing.
The EU has been weighing a “Made in Europe” framework as part of broader industrial policy during the shift to electrification.
While no final regime for vehicles is in place, policymakers are examining local content thresholds, state support and incentives linked to regional production to strengthen supply chains and reduce reliance on imports.
This story is from the June 16, 2026 edition of Business World Philippines.
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