Automotive supplier Valeo’s CEO has urged stricter conditions for the EU’s proposed Industrial Accelerator Act, advocating for a 75 percent European content requirement to safeguard local manufacturing. The executive cautioned that allowing lower thresholds could undermine the bloc’s industrial strategy, while also calling for the exclusion of low-cost neighboring countries like Morocco to prevent outsourcing. The push comes amid growing concerns over competition from regions with weaker labor and regulatory standards. Industry observers will watch whether policymakers adopt these measures to strengthen Europe’s supply chain resilience.
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 ...
