Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-413"
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"en.20090324.32.2-413"2
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"Mr President, ladies and gentlemen, the car crisis is one of the most serious in the global manufacturing industry because, aside from having grave economic and employment-related repercussions for European factories and allied companies, it is hitting third countries, to which production has increasingly been shifted over the past few decades.
Moreover, if the Union is to bring the industry’s profits at least back up to what they were in 2007, it cannot sustain the social cost of around 350 000 job cuts. We should therefore welcome what is at least harmonised assistance for the sector, provided that it is in addition to job protection. The key words for European businesses must be cutting-edge research and development. It is clear that, as the market develops, recourse to mergers or strategic agreements is another possible route, but this must not be at the cost of Europe’s car-making tradition, which is the jewel in the crown of the Community manufacturing industry."@en1
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