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 threshold—allowing significant reliance on lower-cost production hubs like Morocco—could undermine the initiative’s goals of boosting domestic manufacturing. Concerns center on whether the act will effectively strengthen Europe’s supply chains or risk offshoring critical components to cheaper regions. Industry leaders are pushing for stricter safeguards to ensure the policy delivers on its economic and strategic objectives.
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 ...
