Stellantis and Renault have warned that without changes to EU regulations favoring smaller, affordable cars, their European factories may face tough decisions. CEOs Luca de Meo and John Elkann emphasized that current regulations cater primarily to larger, premium cars which hinder profitability for smaller models. De Meo criticized the trend toward larger vehicles and called for regulations similar to Japan's Kei cars that prioritize smaller vehicles. The European car market's declining sales highlight the urgency for regulations that support the production of smaller, more affordable cars in Europe.
"What we are asking for is a differentiated regulation for smaller cars. There are too many rules designed for bigger and more expensive cars, which means we can't make smaller cars in acceptable profitability conditions."
"At this rate, if the trajectory does not change, we will have to make some painful decisions for our production base over the next three years."
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