Insights & Updates

A global technology leader. The European automotive suppliers’ industry is a global technology leader, largely due to its annual investment of more than €22 billion in innovation. For years, European automotive suppliers have registered the majority of patents for innovations in vehicle emissions reduction and vehicle safety by bringing to the market an increasing diversity of products, with ever shorter development and production cycles. The ability for industry and their associated service companies to sell their products both in Europe and the world form the necessary basis for further investment, innovation, tax revenues and employment in Europe