The European Automobile Manufacturers’ Association (ACEA) has called for the EU to “deliver on its promises” to help develop and stimulate growth in the industry.

ACEA president (and Nissan CEO) Carlos Ghosn said: “The association wishes to work constructively with Europe’s policy makers to keep the automotive industry running as Europe’s engine of growth and innovation, while ensuring that it can stay competitive globally.

“We are looking forward to the creation of a more balanced and smarter regulatory environment in Europe, which will allow our companies to continue innovating under more cost-effective conditions, thereby maintaining and further strengthening the technological leadership and standard-setting role that our industry has traditionally played globally.

"More specifically, we believe that stronger sector-focused strategies will be needed to support the European Commission’s Jobs, Growth and Investment package.”

ACEA figures show that the automotive industry is responsible for 6.6% of the EU’s GDP and brings in more than 388.8 billion euros in terms of tax contributions to the EU economy, as well as supporting 12.7 million jobs.