Abstract
The article deals with one of the most important sectors in the European Union, the automotive sector seen from the economic as well as from the industrial perspective. As the economic efficiency is usually measured in competition parameters an important part is dedicated to the competition on the >motor vehicle market in and outside the European Union, on the Global market. One of the most important process in auto market field is also brought to attention. Furthermore the evolution of automotive market in the European Union and Romania during the economic crisis are analyzed using clearing figures .
Highlights
One of the key economic and industrial sectors in Europe is the automotive sector
Value added in the automotive sector amounts to around €140 billion, representing about 8% of European manufacturing value added
It directly employs more than 2 million people and is responsible in total for more than 12 million jobs across Europe, which is equivalent to about 5.5% of employment in the EU-271
Summary
One of the key economic and industrial sectors in Europe is the automotive sector (motor vehicle sector). The Commission's modern industrial policy implies the CARS 21 (Competitive Automotive Regulatory System for the 21st century) process, which was originally launched in 2005. This process aims to make recommendations for the short-, medium-, and long-term public policy and regulatory framework of the European automotive industry This framework enhances global competitiveness and employment, while sustaining further progress in safety and environmental performance at a price affordable to the consumer. The vehicle industry is taking important and often difficult steps to optimize its cost-base and production processes raising fears related to restructuring and relocation These factors combined with the need to protect the natural environment, safeguard human health and lives and operate in a high oil price environment have created a situation where industry faces new challenges, responsibilities and opportunities which could alter both the industry and its products. In line with the Better Regulation initiative the Commission initiated a comprehensive automotive-related regulatory and policy review by setting up the CARS 21 High Level Group, which brought together all the main stakeholders to advise the Commission on future policy options
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