Filosa (Stellantis) rejects EU plan: lack of clear roadmap for growth
Brussels failed to provide a 'clear roadmap for growth' in its revised climate policy that would have allowed Stellantis to increase its investments in Europe. Its CEO, Antonio Filosa, said this in an interview with the Financial Times.
"This package is not working," said Filosa, who took over as head of the European group behind the Jeep, Fiat and Peugeot brands in June. "There are not the urgent measures needed to bring the European automotive sector back to growth."
Filosa had stated last November that the group would multiply its investments in Europe if Brussels relaxed the ban on petrol engines planned for 2035. But in light of the latest EU proposals, he added: 'Without growth, it becomes very difficult to think about investing more. Without additional investment, it is difficult to build the resilient supply chain that is vital for jobs, prosperity and security in Europe'.
The criticism came just days after the European Commission said it would abolish a law requiring carmakers to reduce their emissions to zero by 2035. While manufacturers will still be allowed to release 10 per cent of their 2021 emissions and sell some petrol and hybrid engines, the commission alarmed some in the automotive industry by requiring that emissions be offset by the use of low-carbon steel and sustainable fuels.
