Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-02-04-Speech-3-290"
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"en.20090204.16.3-290"2
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"If we look at the European Union as a living organism, the European car industry is its backbone. It accounts for 3% of the EU’s GDP and generates a commercial surplus of EUR 35 billion. However, 2008 was a difficult year for this industry, where during the first half of the year, car sales dropped due to a rise in the price of fuel, while during the second half, sales fell by 19.3% as a result of the financial crisis.
These are not the only problems which this sector is facing. Between 2009 and 2015 the car sector must implement new standards for polluting emissions, fuel economy and so on, while all of this is adding billions of euros to the industry’s costs.
The figures given above are also relevant because the car industry provides for the incomes of more than 12 million families. One job in a car company is linked to another four jobs at suppliers and another five in related sectors and sales. It is therefore clear that the health of this sector of the European economy is vital to the EU economy as a whole. In these circumstances, rapid, coordinated intervention by European governments and institutions is an absolute must, such as introducing programmes for returning old cars against a consistent reduction in the purchase price of a new one, financial assistance and so on."@en1
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