"European Automakers Make Bold Demand: A Shift in Supply Chain Strategy In a move that could significantly alter the automotive landscape in Europe, three major automakers - Volkswagen, BMW, and Mercedes-Benz - have joined forces to push for a drastic overhaul of the region's supply chain. In a joint letter addressed to the European Union, the companies are calling for a 70% threshold, requiring that at least 70% of the value of all vehicles sold within the EU be sourced from within the 27-country bloc. This ambitious proposal aims to boost the region's economic resilience, reduce reliance on foreign suppliers, and create jobs within the EU. As the EU grapples with the implications of this proposal, one thing is clear: the future of European automotive manufacturing is about to get a lot more complicated."
In a joint letter to the EU, the three automakers called for 70 percent of vehicles sold in the European Union to source 70 percent of their value from within the 27-country bloc.
