France–Germany: agreement reached on the future of the car industry

(Il Sole 24 Ore Radiocor) - France and Germany have confirmed that they have reached an agreement on the future of the European car industry, which will result in a less drastic reduction in CO2 emissions by 2035, but will strengthen the ‘Made in Europe’ label.

The two countries “have reached an agreement on a common approach aimed at securing the future of the European car industry”, Paris and Berlin state in a joint declaration.

“We have a clear objective: to successfully complete the transformation of our automotive industry, whilst maintaining our climate targets and our production in Europe,” French President Emmanuel Macron stated on X.

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