EUROPEAN AUTOMOBILE INDUSTRY REPORT 09/10 AVAILABLE ON-LINE

An extensive overview of European automotive policy issues and priorities

Brussels, 19/05/2009- The European Automobile Manufacturers Association ACEA has published, today, the European Automobile Industry Report 09/10 and the accompanying leaflet Automobile & Society State of Affairs, Priorities for the Future. In its dialogue with policy makers, the European automobile industry focuses on four main areas: environment, mobility, market and economy, and the regulatory framework. The commitment to solutions that tackle issues like climate change and road safety remains at the heart of all manufacturers strategies, write ACEA president Carlos Ghosn (Chairman and CEO Renault) and secretary general Ivan Hodac in the foreword of the Industry Report. However, innovation relies on a vibrant and competitive sector. A supportive EU policy framework, in crisis and in more normal times, boosts an industry that is vital to Europes economic well-being. The automotive industry is a sector of great strength and forms the backbone of the manufacturing industry in Europe. 2009 and 2010 will be crucial years as the global economy has to overcome a gripping and damaging recession. The degree to which the automotive sector will be prepared for future growth will depend in large part on the decisions taken by legislators today. The automobile sector is one of the most regulated industries in Europe and while legislation helps set common rules and standards, ensuring fair market conditions, unnecessary complexity and costs must be avoided. The regulatory framework should strengthen the sectors competitiveness, to enable the industry to continue

contributing to economic growth, boosting mobility for millions and delivering the products that bolster road transport on its journey to a more sustainable future.