The automotive industry in the new EU Member States – Key to the EU economy

The new EU member states host 17% of EU car production and this share is growing. The automotive industry is now as important for these countries as it already was to the EU-15.

Engine of the economy

The New EU Member States host 17% of EU car production and this share is growing. As in the rest of the EU, the automotive industry is the engine of the economy in these countries, featuring high levels of investment & employment, elevated R&D expenditure, state revenues and export shares.To retain this strength, EU governments and the European vehicle industry have to work together.

Commission Vice-President Günter Verheugen

With overall economic circumstances currently deteriorating sharply, it is all the more important to ensure a supportive regulatory framework, in particular concerning environmental requirements that typically involve high levels of investment over a longer period of time. Governments can help sustain Research & Development programmes and take action to boost consumer confidence and renew the EU car fleet.

The new member governments’ support for a holistic way of policy making in Brussels is truly essential. This is why the Permanent Representation of Romania to the EU and the European Automobile Manufacturers Association (ACEA) have jointly organised a special event on 4 November 2008, with the clear aim of raising awareness about the importance of the automotive sector in Europe. The role of the New EU Member States was of special focus.


Notes for editors

  • ACEA Press Release: New EU member states promote integrated policy-making as the way forward to improving environmental protection and road safety
  • New Member States Event 2007

Country profiles (11/2008)

Presentations

About the EU automobile industry

  • 12.9 million Europeans work in the automotive sector
  • 8.3% of all manufacturing jobs in the EU
  • €392.2 billion in tax revenue for European governments
  • €101.9 billion trade surplus for the European Union
  • Over 7% of EU GDP generated by the auto industry
  • €59.1 billion in R&D spending annually, 31% of EU total
Content type Press release
Vehicle types All vehicles
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