The European Automobile Manufacturers' Association (ACEA) is calling on the European Union and member states to push economic recovery by investing in infrastructure, restoring broad access to financing, ensuring a supportive regulatory framework and stimulating fleet renewal.
Speaking at the International Transport Forum, Leif Ostling, CEO of Scania
and chairman of ACEA, said: "This is not a normal cycle; we are experiencing the sharpest downturn ever. Governments must act to prevent the failing of viable businesses, and they must do so in a co-ordinated way."
He also called on government to bring forward planned infrastructure projects to help stimulate the economy and free up the credit market.
"The lack of credit is a particular problem in our industry. We have many customers that could show a valid business case for investing in new vehicles but are unable to finance these investments due to overall lack of credit facilities."
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