Europe's carmakers are in "mortal danger", warns EU industry chief Stephane Sejourne as the bloc launches a much-vaunted plan to rescue its auto sector. The sector is the jewel in Europe's industrial crown, employing around 13 million people and contributing some seven percent to the European Union's economy.
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NewsTranscript
00:00Yes, the European industry is at risk of extinction.
00:04That is why the European Commission is proposing a plan.
00:08For the first time, it is an integrated plan that protects the sector,
00:13finances it, and also provides solutions with the same objectives
00:18as the Green Deal, with the decarbonisation objectives.
00:21We will also protect this sector from a non-loyal competition point of view.
00:27We already have measures on Chinese cars.
00:30We will also have constraints on the components of the car.
00:36They must now be made in Europe for some.
00:39We are working on this list.