The European Union’s proposed Industrial Accelerator Act faces criticism from a major automotive supplier, whose CEO argues the plan must enforce stricter local content rules to protect European industry. The executive warns that a weaker standard—below 75 percent European-sourced components—could undermine domestic manufacturing by allowing cheaper imports from neighboring countries. Concerns also highlight the risk of relying on lower-cost production hubs, potentially weakening supply chain resilience and innovation within the bloc. The debate underscores tensions between economic competitiveness and safeguarding strategic industries under the new policy framework.
Valeo CEO Christophe Perillat said the EU's Industrial Accelerator Act should require 75 percent European content and exclude low-cost neighbors such as Morocco, warning that a lower threshold would ...
