Transportation
Stellantis, VW Dial Up Pressure on EU to Defend Auto Industry
The quality control area of VW ID.3 compact hatchback electric automobile production line at the Volkswagen AG factory in Dresden, Germany.
Photographer: Krisztian Bocsi/BloombergTwo of Europe’s biggest auto manufacturers, Volkswagen AG and Stellantis NV, are pressuring the European Union to better protect the bloc’s troubled auto industry amid heightened geopolitical tensions and intense competition from Chinese manufacturers.
The EU should introduce carbon dioxide bonuses for vehicles made in Europe as a way to protect jobs and help local manufacturers meet climate targets, the chief executives of Stellantis and Volkswagen wrote in an editorial published late Wednesday by the French daily Les Echos and two other media outlets.