“The French automobile industry is faced with fierce and unfair international competition”

The Minister Delegate for Industry, Marc Ferracci, spoke about the difficulties encountered by the French automobile industry: “The industry is faced with two challenges, including fierce and often unfair international competition.”

Guest of the Grand Rendez-Vous on CNEWS and Europe-1, the Minister Delegate in charge of industry, Marc Ferracci, spoke about the situation of the automobile industry in France. According to the minister, the sector faces “two challenges”, including “fierce and often unfair competition” coming in part from China and the United States, as well as the “transition to electricity”.

According to Marc Ferracci, the first difficulty for French industry lies in competition from states such as China and the United States which subsidize manufacturers “very heavily”, which allows them to charge prices with which France cannot not fight.

electric transition in 2035

The other difficulty for French industry lies in the transition to electric vehicles, while new vehicles equipped with combustion engines will be prohibited for sale in the European Union from 2035. According to Marc Ferracci, it is essential to “take into account the economic and social impacts” of such a transition.

“We are in transition, which is why we must support both employees but also the entire sector, as part of the France 2030 plan,” concluded the minister.