‘Made in Europe’ plan could hurt automotive industry, warns DEİK
Mehmet Ali Yalçındağ, Türkiye-Europe Business Councils Coordinator Chairman at the Foreign Economic Relations Board (DEİK) has warned that the demands put forward by European automotive giants under the “Made in Europe” initiative would harm both Turkish and European manufacturers.
His remarks came after Europe’s largest automotive groups, including Volkswagen, Stellantis and Renault, sent a joint letter to European Parliament members regarding the initiative.
Yalçındağ noted that the companies suggested lowering the threshold required for a vehicle to qualify as “Made in Europe” from 85 percent to 70 percent of value added within EU member states.
“The issue is of great importance for the Turkish automotive sector. Because the production taking place in the Türkiye leg of the value created and supply chains in the automotive sector would remain within the 30 percent bracket, even if the proposal in the letter is implemented,” he added.
