Automotive supplier Valeo’s CEO has urged the European Union to strengthen its Industrial Accelerator Act by mandating at least 75 percent locally sourced content in critical industries, while also excluding nearby low-cost countries like Morocco from benefiting. The warning comes as concerns grow that weaker rules could undermine Europe’s manufacturing resilience and competitiveness. The call highlights tensions between economic security and trade openness in the bloc’s push to revitalize domestic production. Industry observers will watch whether policymakers adopt stricter localization requirements to safeguard key supply chains.
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 ...
