Strasbourg, October 8, 2024 – EU leaders convened for a significant discussion on “The Crisis Facing Europe’s Automotive Industry: Competitiveness, Plant Closures, and Job Preservation.” The session illuminated the multifaceted challenges confronting the sector, which is facing a crisis spurred by the shift to low-carbon technologies, disrupted supply chains, and intensified competition from Asia. The implications are critical, with decreasing demand for electric vehicles raising alarm over potential factory closures and job losses across Europe.