The 27 EU Ministers for Industry all answered the European Commission's invitation to discuss, today, the situation of the automotive sector. The Ministers said they were ready to launch public initiatives to support this sector and this that coordination at European level is appropriate. (Ref. 090050)
Sales dropped by 8% in 2008 and the trend seems to be quickening – an additional 10-20% decrease can be expected in 2009. The Ministers pointed out that, although the primary responsibility weighs on the manufacturers (managing overcapacity and investment into new technologies), they agreed that public intervention was necessary given the scope of the crisis. All agreed that these public interventions should be coordinated at European level, first to ensure their compliance with European compet
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